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 ...

While Austrian economists have engaged Modern Monetary Theorists on economic terms, one should not forget that this theory ...

The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

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 ...

Keynesianism held sway for the first quarter century after World War II. But the monetarist challenge to the traditional Keynesian theory strengthened during the 1970s, a decade characterized by high ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...

Another problem with Keynes's theory is that he did not address people's consumption patterns over time. For example, an individual in middle age who is the head of a family will consume more than ...