Articles on Keynesianism

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In aiming for a deficit in 2013-14, Treasurer Wayne Swan has made a future surplus more likely. AAP

Deficit hysteria debunked: in the long run, Keynes was right

Recent years have demonstrated the enduring strength of a core Keynesian insight: deficit spending may result in higher growth and enable states to move more quickly into surplus. In this light, Australian…
Like Barack Obama, Richard Nixon was once a first-term president in charge of a spluttering economy. Marion Doss

Lessons of economic history: Nixon, Obama and the politics of austerity

Yesterday the Federal Reserve announced limited measures to boost the economy. Whatever effect they will have on the economy, they are unlikely to be of any benefit to Obama. Indeed, history shows that…

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