The "new economics" of John Maynard Keynes and his legions of academic acolytes was sold to the world on the basis of being a scientific advance over the outmoded dogma of classical economics. Keynes ...

Great crises have a way of reminding us that acting as though we know perfectly well what the future holds almost always leads to disaster. That’s especially true in economics, which tends to ...

Keynesian economists (of all stripes) want fiscal policy (essentially, government budgets) to increase consumer demand. This thinking has several problems. Keynes argued, however, that money borrowed ...

Historical studies are enlivened by court intrigues, gossip and warfare. Language studies introduce students to rich literary traditions. The study of science or engineering offers the potential for ...

A number of economists have recently been debating what is wrong with macroeconomic modelling today. The University of Chicago's John Cochrane, Oxford’s Simon Wren-Lewis, Berkeley’s Brad DeLong, and ...

John Maynard Keynes was born on 5 June 1883 in Cambridge, England, into an academic family. His father, John Neville Keynes, was an economist and a lecturer at the University of Cambridge, while his ...

Still from a John Papola-produced rap on saving vs. spending, a la Friedrich Hayek and John Maynard Keynes. Thursday’s post is round three in the debate between Papola and his opponent, economic ...

John Maynard Keynes revolutionized economic theory to show that government intervention can stabilize economies. Photo courtesy of Tim Gidal/Picture Post/Getty Images. Paul Solman: It is the ...

John Maynard Keynes, once honoured by Time magazine as one of the three most profound economists that ever lived, wrote The General Theory of Employment, Interest and Money; where he argued and also ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...