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News
Keynes Before He Became a Keynesian
3+ week, 4+ day ago (413+ words) The costs of war are vast and horrific. Most people know this, which raises the question of why the US government seemingly can’t live without it. Is it simply a matter of applied Keynesianism, that of spending the country into…...
How Does Adam Smith’s ‘Invisible Hand’ Work?
4+ week, 13+ hour ago (498+ words) His book The Wealth of Nations, published in 1776, an auspicious year for all things revolutionary, explored for the first time ideas of specialization and self-interest that would become foundational in the field of economics. Smith used the term “invisible hand…...