Keynesian Economics

Uncover the impactful life and contributions of Gunnar Myrdal, a Swedish economist and sociologist who balanced pioneering economic theories with passionate activism for social justice.

Explore the fascinating landscape of liquidity preference theory, as we delve into its implications on interest rates, asset allocation, and economic stability. Understand how liquidity preferences shape financial decisions for investors and policymakers.

Discover how sticky wage theory explains the slow response of wages to economic changes, its impact on employment, and why pay remains resilient during economic downturns.

Discover the legacy of John Maynard Keynes, the founder of Keynesian economics. Learn how his revolutionary ideas have shaped government intervention in economic affairs, particularly during recessions.

Milton Friedman redefined economics, championing free-market capitalism and monetarism. Delve into his ideologies and influential legacy.

Explore how the Multiplier Effect can significantly amplify economic activity, driving more robust growth and development. Delve into the various types of multipliers, their calculations, and their impacts on overall economic health.

Explore the concept of deficit spending units, their implications on economies, and strategies to manage them effectively.

Discover the concept of leakage in economics, how it affects the flow of income within an economy, and the various scenarios and sectors where it is observed.

Explore the concept of Marginal Propensity To Consume (MPC) and understand its significance in economics, its calculation, and its crucial role in economic policies.

Discover the nuances of maintaining a balanced budget in financial planning and its impact, particularly for governments.

Explore what underemployment equilibrium is, its implications on the economy, and how it contrasts with general underemployment. Dive into macroeconomic theories and remedies to address this persistent issue.