Any economic theory faces the same tests as any other scientific theory. It isn't good enough to say well, look, it worked this time but didn't seem to that time. A theory needs to be able to explain ...
Discover how Keynesian and Neo-Keynesian economics differ in addressing economic growth and stability through fiscal and monetary policies.
BOSTON – Researchers funded by the National Institutes of Health have found evidence that a retrovirus that has been linked to schizophrenia and multiple sclerosis may also cause Keynesianism. The ...
The below is a direct excerpt of Marty’s Bent Issue #1086: “Keynesianism doesn’t work because it discards local information.” Sign up for the newsletter here. You can hone in on Keynesianism or zoom ...
Henry Farrell and John Quiggan make a pretty fundamental point about Keynesian economics -- it's not a mandate for larger government or larger deficits in general: Contrary to the beliefs of nearly ...
Here's a great example of using the right concepts and formulating a complex thought in a simple, retainable way. It's from Daniel Henninger's column in Thursday's Wall Street Journal: "The U.S. and ...
John Cochrane does an excellent job outlining the many reasons for Keynesianism’s flagging popularity as a policy antidote for the continuing challenges faced by the U.S. economy (“An Autopsy for the ...
Jacobin on MSN
Power, not economic theory, created neoliberalism
Neoliberalism didn’t win an intellectual argument — it won power. Vivek Chibber unpacks how employers and political elites in ...
In their 1977 book, “Democracy in Deficit,” economists James Buchanan and Richard Wagner traced the intellectual roots of the rise in postwar federal budget deficits to John Maynard Keynes’s ...
Science consists of theories that can be falsified (proved wrong) by evidence. In fact, a single inconsistent data point will (and should) invalidate even the most cherished and long-standing ...
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