There’s a reason people say “put your money where your mouth is.” Predictions are free, but a friendly wager acts as a tax on the delusional. And there is perhaps no topic of debate where this sort of ...

In a normal economy, 40% of new hires are people who switched right over from another job: Friday at Walmart, Monday at Target. The other 60% come from some mix of the unemployment lines and the ether ...

According to Keynesian economic theory, many recessions have little or nothing to do with underlying structural economic problems. Instead, the theory holds, recessions are the result of a crisis in ...

We’ll send you a myFT Daily Digest email rounding up the latest Joseph Stiglitz news every morning. From Mr Derham O’Neill. Sir, Joseph Stiglitz’s suggestion that quantitative easing may not be the ...

This Keynesian scheme of things hinges on how the invisible hands of multiplier play out - meaning how the Re 1 spent on productive public expenditure translates into its multiples as income in the ...

Until last September, when the banking industry came crashing down and depression loomed for the first time in my lifetime, I had never thought to read The General Theory of Employment, Interest, and ...

Years of economic turmoil have re-ignited the debate about Keynesianism. As the financial crisis caused mass unemployment, Keynes appeared to have been proven right; Keynesians took over policymaking ...

In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government's non-defense spending.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It says a lot about the talents of John Maynard Keynes – and just as much about the shortcomings of modern ...

With a large economic downturn underway, the Administrations of George W. Bush and Barack Obama pushed for “stimulative” deficit spending in 2008 and 2009. According to Keynesian theories of economics ...