Keynesian economics, as developed by economist John Maynard Keynes, comprise a theory of total spending in the economy and ...

In a recent book review of Robert Skidelsky's "Keynes: The Return of the Master" ("Back In Demand," Bookshelf, Sept. 22), N. Gregory Mankiw, the economist, goes on to teach the historian that ...

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...

Recessions rarely come from booms gone bust — they strike when small shocks pile up or one big shock comes along.

Central banks use macroeconomic models to help frame the issues that they face, to mold their ideas, and to guide them in their decisionmaking. While a wide range of models are available, economists ...

Those came with the development of capitalism in the 19th century. And so began the deep fluctuations of the modern era, the two worst being the Great Depression of the 1930s and the Great Recession ...