Keynesian economics
Keynesian economics (/ˈkeɪnziən/ KAYN-zee-ən; or Keynesianism) is the view that in the short run, especially during recessions, economic output is strongly influenced by aggregate demand (total spendi...
Something's Happening But You Don't Know What it Is: Do You Mr. Krugman
Paul Krugman, Team Hillary's ace New York Times columnist, simply cannot find a kind word for Bernie Sanders or his idealistic supporters. "Sorry, but there's nothing noble about seeing your valu...
Underconsumption
In underconsumption theory in economics, recessions and stagnation arise due to inadequate consumer demand relative to the amount produced. The theory formed the basis for the development of Keynesian...
Birmingham School (economics)
The Birmingham School was a school of economic thought that emerged in Birmingham, England during the Post-Napoleonic depression that affected England following the end of the Napoleonic wars in 1815....
Stockholm school (economics)
The Stockholm School (Swedish: Stockholmsskolan), is a school of economic thought whose antithesis is the gold standard centered Austrian School of Economics. It refers to a loosely organized grou...
Stockholm school (economics) - Wikipedia
Spending multiplier
In economics, the fiscal multiplier (not to be confused with monetary multiplier) is the ratio of a change in national income to the change in government spending that causes it. More generally, the ...
Neo-Keynesian Economics
Neo-Keynesian economics is a school of macroeconomic thought that was developed in the post-war period from the writings of John Maynard Keynes. A group of economists (notably John Hicks, Franco Modig...
Neo-Keynesian Economics - Wikipedia
New Keynesian economics
New Keynesian economics is a school of contemporary macroeconomics that strives to provide microeconomic foundations for Keynesian economics. It developed partly as a response to criticisms of Keynesi...
Post-Keynesian economics
Post-Keynesian economics is a school of economic thought with its origins in The General Theory of John Maynard Keynes, although its subsequent development was influenced to a large degree by Michał K...
Lucas critique
The Lucas critique, named for Robert Lucas' work on macroeconomic policymaking, argues that it is naive to try to predict the effects of a change in economic policy entirely on the basis of relationsh...
Liquidity preference
In macroeconomic theory, liquidity preference refers to the demand for money, considered as liquidity. The concept was first developed by John Maynard Keynes in his book The General Theory of Employ...
Paul Samuelson
Paul Anthony Samuelson (May 15, 1915 – December 13, 2009) was an American economist, and the first American to win the Nobel Memorial Prize in Economic Sciences. The Swedish Royal Academies stated, wh...
Paul Samuelson - Wikipedia
Baumol–Tobin model
The Baumol–Tobin model is an economic model of the transactions demand for money as developed independently by William Baumol (1952) and James Tobin (1956). The theory relies on the tradeoff between t...
Something's Happening But You Don't Know What it Is: Do You Mr. Krugman
Paul Krugman, Team Hillary's ace New York Times columnist, simply cannot find a kind word for Bernie Sanders or his idealistic supporters. "Sorry, but there's nothing noble about seeing your valu...
John Kenneth Galbraith
John Kenneth "Ken" Galbraith, OC (/ɡælˈbreɪθ/ gal-BRAYTH, October 15, 1908 – April 29, 2006) was a Canadian and, later, American economist, public official, and diplomat, and a leading proponent ...
John Kenneth Galbraith - Wikipedia
Robert J. Gordon
Robert James "Bob" Gordon is an American economist. He is the Stanley G. Harris Professor of the Social Sciences at Northwestern University. He is known for his work on productivity, growth, the cause...
Michael Woodford (economist)
Michael Dean Woodford (born 1955) is an American macroeconomist and monetary theorist who currently teaches at Columbia University.
Woodford holds an undergraduate degree from the University of Ch...
Say's law
Say's law, or the law of markets, is the controversial assertion, found in classical economics, that aggregate production necessarily creates an equal quantity of aggregate demand. It was stated by th...
Military Keynesianism
Military Keynesianism is the position that the government should increase military spending in order to increase economic growth. The term is often used pejoratively to refer to politicians who reject...
Keynes family
The Keynes (/ˈkeɪnz/ KAYNZ) family is an English family that has included notable economists, writers, and actors.The descendants of Geoffrey Keynes (1887), are also related to the Darwin — Wedgw...
Heavenly Twins (Sumner and Cunliffe)
The Heavenly Twins was the name assigned to two British delegates, the Judge Lord Sumner and the Banker Lord Cunliffe, during the 1919 Treaty of Versailles negotiations that were to set the terms of ...
Heavenly Twins (Sumner and Cunliffe) - Wikipedia
Post-war displacement of Keynesianism
The post-war displacement of Keynesianism was a series of events which from mostly unobserved beginnings in the late 1940s, had by the early 1980s led to the replacement of Keynesian economics as the...
Post-war displacement of Keynesianism - Wikipedia
Capitol Hill Babysitting Co-op
The Capitol Hill Babysitting Cooperative (CHBC) is a cooperative located in Washington D.C., whose purpose is to fairly distribute the responsibility of babysitting between its members. The co-op is o...
Capitol Hill Babysitting Co-op - Wikipedia
Animal spirits (Keynes)
Animal spirits is the term John Maynard Keynes used in his 1936 book The General Theory of Employment, Interest and Money to describe the instincts, proclivities and emotions that ostensibly influence...
John Hicks
Sir John Richard Hicks (8 April 1904 – 20 May 1989) was a British economist and one of the most important and influential economists of the twentieth century. The most familiar of his many contributio...
Paul Krugman
Paul Robin Krugman (born February 28, 1953) is an American economist, Professor of Economics and International Affairs at the Woodrow Wilson School of Public and International Affairs at Princeton Un...
Paul Krugman - Wikipedia
Hydraulic macroeconomics
Hydraulic macroeconomics is an informal characterization of certain types of macroeconomic study assuming aggregate social wealth (demand or supply) as somewhat smooth, constant and homogeneous. The t...
Hydraulic macroeconomics - Wikipedia