Discover how demand-side economics supports economic growth through government intervention and increased aggregate demand. Learn key concepts and real-world policy examples.

The tax overhaul bill before Congress has a professed rationale that rests on economic theory. As neuroscientists who study decision making, we would like to raise a very serious objection to this ...

Editor’s Note: This is Part 1 of a two-part series on how mistaken assumptions by top U.S. policymakers have worsened the financial crisis. It has been three years since the worst financial collapse ...

It has recently been suggested that heterodox economics can benefit from an engagement with classical surplus theory. However, caution is often recommended due to the ideological concepts that are ...

Classical economic theory defines the factors of production as the three broad categories of input -- capital, labor and land (or natural resources) -- that contribute to the production of finished ...

Richard Deacon, author of the definitive history of the Keynes' Cambridge Apostles undergraduate boys' club, saw the personal roots of Keynes’ economics clearly. In his book The Cambridge Apostles he ...

Economist Ha-Joon Chang explains why the school of Neoclassical economics that rose in the 19th/early 20th century – now today’s dominant school of economics – decided they wanted to be scientists.