Keynesian Economics

The Lure of Keynesianism

Henryk A. Kowalczyk | Posted 12.01.2008 | Business

Read More: Financial Crisis, Free Market, Economy, Robert Reich, Money, Keynes, Socialism, Capitalism, Free Market Ideology, Keynesian Economics, Business News

The way out of our crisis is to limit further the influence of government over the economy, so that even if someone could afford to buy political influence, there would be very little to sell.

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The Rebirth of Keynes, and the Debate to Come

Robert Reich | Posted 11.27.2008 | Business

Read More: Keynesian Economics, Financial Crisis, John Maynard Keynes, Business News

What the hawks don't get is what John Maynard Keynes understood: when the economy has as much underutilized capacity as we have now, government spending that pushes the economy to fuller capacity will of itself shrink future deficits.

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Green Bubble Burst?

David Roberts | Posted 10.14.2008 | Business

Read More: Keynesian Economics, Financial Crisis, Economic Stimulus, Climate Change, Economic Stimulus Package, Cap-and-Trade, Economic Crisis, Business News

Does the financial crisis mean the next president will need to trim his ambitions and focus on reducing the deficit? Or does it call for substantial public spending to get the economy moving again?

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Sticking it to Milton

David Hoyt | Posted 10.02.2008 | Chicago

Read More: Keynesian Economics, Milton Firedman Institute, Wall Street Crisis, MBA President, Milton Friedman, University of Chicago, Milton Friedman U of C, Economy, Milton Friedman Bailout, Socialism, Chicago News

One can't help but be struck by the irony of the fact. Just when the academic disciplines most influenced by Milton Friedman came together to praise him in 2007, a year after his death, it looks like the rest of the world may wind up burying him in practice.

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Who's Your Economic Daddy?

Robert D. Atkinson, Ph.D. | Posted 08.21.2008 | Business

Read More: Keynesian Economics, Robert Rubin, John McCain Economic Policy, Joseph Schumpeter, Economic Policy, Economy, Supply-Side Economics, Obama Economic Policy, Innovation, Technology, Rubinomics, R&D, Business News

Virtually all policy makers involved in economic policy subscribe to a particular economic doctrine, even if they may not be aware of which "camp" they are in.

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Where Are the Economists?

Simon Jenkins | Posted 07.09.2008 | Business

Read More: Keynesian Economics, Gordon Brown, Economists, Alan Greenspan, Economics, Cass Sunstein, Economy, Business News

Economics has long been oversold as a science, when it is rather a branch of psychology, a study of the peculiarities of human nature, thus converting micro-economics into macro has always been a dangerous game.

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The End of the Age of Milton Friedman

Jeff Madrick | Posted 03.31.2008 | Business

Read More: Deregulation, Henry Paulson, Credit Crisis, Milton Friedman, Hyman Minsky, Adam Smith, Keynesian Economics, Bush Economy, Friedrich Van Hayek, Bill Clinton, U.S. Economy, Economy, Business News

There is a direct line from Milton Friedman's ascendancy in the 1970s to the debacle on Wall Street today.

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Big Rate Cuts and Fiscal Stimulus: Are We "All Keynesians Now?"

Mark Weisbrot | Posted 01.23.2008 | Politics

Read More: Keynesian Economics, US Economy, Federal Reserve, Bush Economic Plan, Economic Stimulus Package, Macroeconomic Policy, Economic Policy, Politics News

Republicans are quite scared that the combination of an unpopular war and a serious recession in a presidential election year has the potential to make them into a long-term minority party.

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