Category Archives: Keynesian economics

Nobel Prize in Economics Breaks New Ground

Popular Economics Weekly STOCKHOLM (AP) — The 2019 Nobel Prize in Economic Sciences has been awarded Monday to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty.” It was ground-breaking for several reasons. Firstly, … Continue reading

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Budget Deficits With the Laffer Curve

Financial FAQs Wikipedia There is an economic theory of sorts that helps us to understand why our political parties can’t agree on how to grow an economy that benefits most Americans. It’s called the Laffer Curve, reputedly first drawn on … Continue reading

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The Presidential Debates—Will Democracy Survive?

Popular Economics Weekly Graph: Washington Post Much of the media lament over the first Democratic Presidential debates was whether the Democratic Party had moved too far to the left on immigration and healthcare—whether it was about decriminalizing Central American immigrants … Continue reading

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Saving Capitalism—Part II

Popular Economics Weekly Nobel laureate Joseph Stiglitz’s plea to save capitalism is important for a number of reasons; foremost is the survival of liberal democracy itself. Modern liberal democracies that we have known since WWII cannot survive if we cannot … Continue reading

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Professor Stiglitz’s Plea to Save Capitalism

Popular Economics Weekly MarketWatch Nobel laureate economist Joseph Stiglitz has been saying he wants to make capitalism work for everyone again in various writings, just as it did post-WWII, including this CNN commentary on the recent Earth Day. Is there … Continue reading

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Why No Inflation?

Financial FAQs I have been talking about the danger of too low inflation for some time.  This graph portrays the history of inflation since the 1970s, when the Arab oil embargo caused oil prices and inflation to soar to unacceptable … Continue reading

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Are Consumers Happy, Will Continue to Spend?

Financial FAQs I mentioned last week the big question remains, with March’s initial estimate of Q1 GDP growth, will consumers continue to maintain their share of consumption and continue to boost economic growth? Today’s release of February and March Personal … Continue reading

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