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Keynesian Economics Articles;

Keynesian Economics

Keynesian economics is a theory of total spending in the economy (called aggregate demand) and of its effects on output and inflation. Although the term is used (and abused) to describe many things, six principal tenets seem central to Keynesianism. The first three describe how the economy works.

Marxism

More than a century after his death, Karl Marx remains one of the most controversial figures in the Western world.

Monetarism

During early 1990, inflation rates reported by the International Monetary Fund ranged from negative numbers to an annual rate of more than 1,400 percent. Countries like Poland, Argentina, Yugoslavia, and Brazil, where the reported annual rate of inflation was above 1,000 percent, all had experienced high money growth—more than 2,000 percent in Yugoslavia and more than 4,000 percent in Argentina in 1989.

Vulgar Keynesians

Economics, like all intellectual enterprises, is subject to the law of diminishing disciples.

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