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Keynesian economics | HearLore
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Keynesian economics
IS–LM modelJohn Hicks stood before the Econometric Society in Oxford during September 1936 to present a new mathematical framework.
Keynesian economicsIn 1892, J. M. Robertson raised the paradox of thrift during a debate about economic cycles. This early argument questioned why saving money could harm an…
Post-Keynesian economicsThe term post-Keynesian first appeared in print during 1975 when Alfred Eichner and Jan Kregel used it to describe a distinct school of thought.
Fiscal multiplierIn 1930, Richard Kahn proposed a new economic concept to justify public works spending. He published his calculations the following year in 1931.
Nominal rigidityIn 1936, John Maynard Keynes published The General Theory of Employment, Interest and Money. Within its pages, he described a situation where nominal wages…
John Maynard KeynesJohn Maynard Keynes entered the world on the 5th of June 1883 in Cambridge, England. His father John Neville Keynes worked as an economist and lecturer at…