William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, ...

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 ...

It should terrify everyone because it indicates the degree to which financial market participants, business ... Keynesian management of economic cycles became the norm in both econ theory and ...

There are some global realities that are before us and some on the immediate horizon which Jamaica cannot paper-over. Here ...

Please join us in supporting what has been called The Best Week of the Year: Mises U 2025! Your generous contributions are ...

A key tenet of Keynesian economic theory is that of the multiplier ... When a worker from that business spends their income, it perpetuates the cycle. Each type of multiplier is individually ...

He’s now wielding vast and unaccountable authority to test his lifelong theory that the United ... storm is that it’s not the product of business cycles, an outside economic shock, a terrorist ...

Full text of lecture delivered by Chief Obafemi Awolowo at the First Lecture in the UNIVERSITY OF LAGOS ANNUAL LECTURE SERIES on Friday, 15th March, 1968.CONTINUED FROM LAST WEEKIn the Sudan, the ...

2022, Book: "This book assesses major schools of thought in macroeconomic theory between the Great Depression and the Long Recession, focusing on their analysis of cycles, crises and macro-policy. It ...

James Doughney responds to William Jefferies critique of his article “Marx was wrong about the declining rate of profit.