Keynesian economists believe that government deficit spending can increase economic activity and help an economy recover from a recession. Classical economists dispute this, ...

Why Everyone Is Wrong About the Economy Jason Furman is one of the most influential Democratic economists of the past two decades. From 2013 to 2017 he chaired President Barack Obama's Council of ...

We are all amply familiar with the neo-Keynesian wisdom, repeated endlessly on both sides of the aisle, that government can ...

Keynesian economics—the go-to theory for those who like government at the controls of the economy—is in the forefront of the ongoing debate on fiscal-stimulus packages. For example, in true ...

Keynesian economics arose in the 1930s in response to the Depression. It never worked then, as the recession of 1929 extended into the decade long Great Depression.

Shunned, Keynesian hopes and illusions have turned into disappointment and anger. For example, using his New York Times’ column, ...

How Keynesian Economics is Widely Applied. Since World War II, Keynesian economics has shaped economic policy in many of the world’s largest economies. During economic downturns, governments typically ...

In Keynesian economics, the government takes an interventionist approach; it does not wait for market forces to improve GDP and employment. This results in the use of deficit spending .

Today's G-20 meeting has been advertised as a showdown between the U.S. and Europe over more spending "stimulus," and so it is. But the larger story is the end of the neo-Keynesian economic moment ...

Last August I asked a question: "What if Keynesian stimulus works, but no one can ever actually afford to do it, short of something like World War II, where the government can tap into a patriotic ...

Keynesian Stimulus Theory Comes and--Thank Goodness--Goes. Recent experience with Keynesian, deficit-based fiscal policy to provide short-term stimulus to the economy very much agrees with the ...

Now, I admit that I am a committed Keynesian and my in depth, first hand knowledge of Austrian economics is limited to say the least. I welcome your suggestions that I consult the Riesman book ...