In his review of our book Animal Spirits (“Shorting Reason”; April 15, 2009), Richard Posner questions the book’s basic premise, which is that we cannot understand the current economic crisis without ...

Neoliberalism’s victory over Keynesianism wasn’t an intellectual revolution — it was a class offensive. To roll it back, the Left doesn’t need to win an argument so much as it needs to rebuild working ...

Discover how endogenous growth theory explains economic growth from within through innovation, human capital, and internal factors, impacting nations' prosperity.

Cooperative game theory is often seen as a numbers-driven discipline rooted in mathematics. Yet beyond the equations lies a powerful framework, particularly in macroeconomics, for understanding how ...

Explore how debt deflation increases real debt burdens during economic downturns and its potential spiral effects on the economy and borrowers.

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

Non-cooperative game theory is often associated with strategic standoffs and rational self-interest. Yet beneath the surface lies a powerful tool for understanding how independent decisions can still ...

This is a preview. Log in through your library . The Delhi School of Economics began in 1949 when a group of visionaries led by Professor V.K.R.V. Rao and supported by India's first Prime Minister ...

People are taking its ideas more seriously, but reinventing the system in the world’s largest economy on the fly seems risky. By Neil Irwin A view of Fairlie, New Zealand. A small country like New ...

This is a preview. Log in through your library . Abstract Cointegration analyses of macroeconomic time series are often not based on fully specified theoretical models. We use a theoretical model to ...