Keynesian economics dominated economic theory and policy after World War II until the 1970s, when many advanced economies suffered both inflation and slow growth, a condition dubbed “stagflation.” ...

He is a professor of economics and has raised ... hard to pinpoint effects with a high level of confidence and to determine the exact outcome of any one theory or set of policies.

These theories and a better understanding of irrational decision-making inspired further developments in behavioral economics. American economist and Nobel laureate Richard Thaler outlined mental ...

Keynesian economics is a theory that government intervention is necessary during downturns. Tax cuts are a tool in Keynesian theory to stimulate economic activity. During recessions, Keynesian ...

From its most fundamental theories to the halls of academia, the field of economics is built by and for men. Google "famous economists." If you click on every single link that appears on the first ...

Prize-winning work: Development of static and dynamic economic theory; contributed to raising the level of analysis in economic science Most famous quote: I don’t care who writes a nation’s laws, if I ...