The central pillar of the Keynesian system is that spending drives the economy, so savings on a large scale will push the ...

Keynes argued that inadequate overall demand could lead to prolonged periods of high unemployment. An economy’s output of goods and services is the sum of four components: consumption, investment, ...

Keynesian models projected that the ills of inflation and unemployment had an inverse relationship—if one was high, the other would be low. Government could supposedly keep both at modest levels ...

Keynes suggested that a government should take action to increase spending on goods and services in response to low economic activity and increased unemployment. Prior to World War II, the U.S ...

Keynesian economists believe a free market can produce periods of inadequate demand that can lead to extended periods of high unemployment. During a recession, consumer confidence drops and ...

His other major area of interest concerns the economic causes of inflation and unemployment. He characterizes his work as Post Keynesian, and has been primarily concerned with demonstrating that ...

Keynesian economists believe a free market can produce periods of inadequate demand that can lead to extended periods of high unemployment. During a recession, consumer confidence drops and ...