To talk in anything other than Keynesian or monetarist terms is to ensure you'll be shut out of the salon. Hence the cartoon. This medium calls the academics' bluff. Cartoons do not even aspire to ...

Keynesian economics is a macroeconomic theory of total spending in the economy and how it affects output, employment, and inflation. It was developed by British economist John Maynard Keynes ...

It’s sometimes difficult to make fun of Keynesian economics. But this isn’t because Keynesian theory is airtight. It’s easy, after all, to mock a school of thought that is predicated on the ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

Similarly, macroeconomists Robert Lucas and Tom Sargent wrote a seminal paper, published in 1978, entitled After Keynesian Economics, decrying the stagflation of the 1970’s as incompatible with ...

Monetarist economics refers to Milton Friedman's direct criticism of the Keynesian economics theory created by John Maynard Keynes. Also referred to as monetarism, the difference between these ...

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 ...

A general supply-side approach seems a little out of place as a recipe to combat what is a distinctly Keynesian crisis ... a reasonable case for supply-side economics, that is, showing that ...

However, while they may speak the same language, Keynesian and Austrian economists approach the economy from two very different perspectives. Austrian economics comes from the Austrian Empire in ...