Ideally, he wanted to find a measure of uncertainty that captured popular sentiment and also reflected the policy environment ...

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 ...

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 ...

In 1930, economist John Maynard Keynes famously predicted that technological progress and economic growth would solve the ...

Keynes is widely recognized as the dominant economist of the past century. A recent scholarly biography evaluates how well his reputation has stood the test of time. The publication of the final ...

The fundamental principles of economics are based on human nature and do not change regardless of how they are interpreted. People behave certain ways on an individual and societal level based on ...

Among modern economists, the person who completely revolutionized economic thinking and practice during the Great Depression of 1930s had been John Maynard Keynes whose unconventional ideas ...

During the great depression of the 1930s, existing economic theory was unable either to explain the causes of the severe worldwide economic collapse or to provide an adequate public policy solution to ...