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KEYNESIAN ECONOMICS
Quote of the day by American Economist Milton Friedman: ‘If you put the federal government in charge of the Sahara Desert, in 5 years…’ Witty take on inefficiency, corruption, and control as world faces oil and gas crisisQuote of the day: The “Sahara Desert” quote continues to resonate because it combines humor with sharp criticism. It may make people laugh,...- The solution India's economy wants (Not)India's economic path may lie in an unusual strategy. The nation is advised to focus on producing items people do not need. This approach a...
- Wealth Quote of the Day by John Maynard Keynes: “The importance of money flows from ......” How Keynes challenged classical theory and created modern economics?Wealth Quote of the Day by John Maynard Keynes: “The importance of money flows from it being a link between the present and the future.” Mo...
- Union Budget 2025: What is stagflation and why should the government worry about it?India's Finance Minister will present the FY26 budget on February 1, 2025. The term stagflation, describing simultaneous stagnant growth an...
- Who is Kamala Harris' father Donald Harris who Trump accused of being a Marxist in the debateIn a debate, the former president Donald Trump charged Vice President Kamala Harris with Marxist views, drawing a connection between her an...
- Union Budget: What is stagflation and why should govt be concerned about it?Budget 2024: Nirmala Sitharaman is set to present the full budget in July this year, marking her second consecutive term as India's finance...
- View: Economics needs a post-crash revolutionIn a world of radical uncertainty, economic models need to be seen in a new light.
- Guess who inspired Raghuram Rajan to become an economist?The former RBI governor was inspired by a scientist to take up economics.
- Why we need to talk about moneyFrom financial education to social transparency to personal psychology—money talk helps.
- 2010-20 may be a lost decade for global economy: UK economistCambridge-based macroeconomist Michael Kitson warned that there is potential for very poor global performance over the coming decade.
- Goldman model evokes ancient Egypt's blood-sucking leechesEconomists have been debating the pros and cons of fiscal stimulus since the 1930s, when John Maynard Keynes diagnosed the problem as one o...
- Four fallacies of the crisisThe current twin crises in finance and the real economy have spawned several fallacies that need to be addressed and dismissed.
- US stimulus has done more harm than goodDespite the huge stimulus overdose, the picture US jobless claims paint is far from pretty. This lends credence to a growing perception tha...
- Structural reform, pleasePrime minister Manmohan Singh warned the G20 at Toronto that deflation was a greater threat than inflation.
- UK may mark the end of Keynesian economicsThe UK has produced notable economists over the years, but John Maynard Keynes, the guru of government intervention, was one of truly globa...
- Recession: Are we out of the woods?Till structural changes in world demand work themselves out it is clear that the stimulus must continue.
- Recession to hit China more than India: MirrleesThe current global recession would hit China more than India, eminent Scottish economist James Mirrlees said on Wednesday.
- Doctor, thank us that economy has survived global meltdown: LeftA day after PM made cautious overtures, the Left plainly rebuffed him.
- Don't bank on tax cuts: Nobel laureate PhelpsBut economics is not evidence-based in selecting its theoretical paradigms. Economic policy initiatives are often taken without all the emp...
- Understanding KeynesianismKeynesianism is a catchall phrase for economics that is supposed to reflect the ideas of John Maynard Keynes (pronounced to rhyme with 'rai...
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