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, ...

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 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 ...

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 ...

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 ...

I do not think that Keynesians accept that there is a natural rate of unemployment ... Thatcher deflation when he isn't referring to New Keynesian models with no such effects as successful ...

The welfare state is another wonderful idea, but is now under great difficulties as more and more people claim entitlement to extraordinary levels of help from the medics and the state.