Federal Reserve’s 0.25% interest rate cut, announced Sept. 17, will have little economic effect by itself. The most important ...

Any economic theory faces the same tests as any other scientific theory. It isn't good enough to say well, look, it worked this time but didn't seem to that time. A theory needs to be able to explain ...

Henry Farrell and John Quiggan make a pretty fundamental point about Keynesian economics -- it's not a mandate for larger government or larger deficits in general: Contrary to the beliefs of nearly ...

One election at a time, voters in Europe are tossing out politicians associated with “austerity”. This week, it was national elections in France and Greece, and state elections in part of Germany.

Here's a great example of using the right concepts and formulating a complex thought in a simple, retainable way. It's from Daniel Henninger's column in Thursday's Wall Street Journal: "The U.S. and ...

John Cochrane does an excellent job outlining the many reasons for Keynesianism’s flagging popularity as a policy antidote for the continuing challenges faced by the U.S. economy (“An Autopsy for the ...

The below is a direct excerpt of Marty’s Bent Issue #1086: “Keynesianism doesn’t work because it discards local information.” Sign up for the newsletter here. You can hone in on Keynesianism or zoom ...

In their 1977 book, “Democracy in Deficit,” economists James Buchanan and Richard Wagner traced the intellectual roots of the rise in postwar federal budget deficits to John Maynard Keynes’s ...

Science consists of theories that can be falsified (proved wrong) by evidence. In fact, a single inconsistent data point will (and should) invalidate even the most cherished and long-standing ...

STAMFORD, Conn. (MarketWatch) — I do not subscribe to the conventional economics view of how the world works. If there are two theories that animate the Powers That Be when it comes to defining ...