The main plank of Keynes’s theory, which has come to bear his name, is the assertion that aggregate demand—measured as the sum of spending by households, businesses, and the government—is the most ...

Keynesian economics is a theory whose premise is that aggregate demand is a primary driver of the economy and employment. Keynesian economics is an economic theory, and the basic premise is that ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...

A key aspect of Keynesian theories is that a classical economics based on truisms relevant to the individual (thrift, savings, income greater than expenses) does not automatically apply to an ...

Needless to say, Keynes was wrong - especially about Americans ... On the Planet Money episode, the hosts put Freeman's theory into simpler terms. The substitution effect is the opposite of ...