While Keynesian theory in its original form is rarely used today, its radical approach to business cycles and its solutions to depressions have had a profound impact on the field of economics.

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 ...

Business cycles fluctuate through four stages ... Conversely, in 1935 John Maynard Keynes's General Theory of Employment, Interest and Money recommended government's active participation in ...

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 “economics” is not just wrong; its precepts are not just based upon fallacies but also on lies. Since Keynes ...

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 ...

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 ...

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 ...