The business cycle... Among the numerous pros and cons ... this excessive amount of leverage can be destructive. While Keynesian theory allows for increased government spending during recessionary ...

According to Keynes’ theory of fiscal stimulus, an injection of government spending eventually leads to added business activity ... and the cycle continues. Keynes and his followers believed ...

Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

In This ArticleIntroduction to Business CycleWhat Are Economic Cycles?What Causes Economic Cycles?Key Economic Theories on ...

Keynes used the term “trade cycle” for business cycle ... I will draw on passages from Chapter 22 of The General Theory. As you read this part of the discussion, keep in mind the four key ...

For example, Keynes believed that intelligent ... But Wapshott doesn't even allude to the possible relevance of Hayek's business cycle theory to our present mess, whether to support it or debunk ...

John Maynard Keynes was a 20th century British economist who developed a theory about government policy in relation to private sector business. His macroeconomics approach was to use government ...