"Today, Keynesian theorizing does not inspire whispers and giggles from the audience. There are many economists under …"

"It is too early to say there is a consensus about how all these topics fit together. Yet one can say that the new cla…"

"Despite its flaws, Peddling Prosperity has much to recommend it. There is no book written for a lay audience that exp…"

"Although Keynes’s General Theory provides the foundation for much of our current understanding of economic fluctuatio…"

"Which brings us to a third group of macroeconomists: those who fall into neither the pro- nor the anti-Keynes camp. I…"

"A few years ago, I had the good fortune of running across a first edition of Paul's textbook (not the recent reprint …"

"After more than a quarter-century as a professional economist, I have a confession to make: There is a lot I don’t kn…"

"The circular-flow diagram offers a simple way of organizing the economic transactions that occur between households a…"

"Economics is the study of how society manages its scarce resources. In most societies, resources are allocated not by…"

"Countries as well as families benefit from the ability to trade with one another. Trade allows countries to specializ…"