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What is Keynesian Economics?

John Maynard Keynes was a British economist who wrote extensively during the 1920s and 1930s. His work is still considered important today and has since become referred to as Keynesian economics. Up until the 1970s his ideas had a huge impact on government economic intervention in Europe. The economic collapse of 2008 saw Keynes’ ideas once again enter the spotlight, but there has also been a public backlash against the interventionist policies he favored.

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What is Inflation and Why do Economists Want to Avoid It?

Inflation is an economics term that most of us hear a lot. There will often be news stories about how the government is working to keep inflation low. While this word is commonly used in the media there still be a bit confused as to what it actually means for us. We might also wonder why economists and governments are so eager to avoid inflation. This is an important idea in economics, but one that can cause confusion for the rest of us.

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The Best Macroeconomics Books to Learn Macroeconomics

Macroeconomics is interested in how the economy works overall. This is a subject that is of great interest to a lot of people in the general public and not just students and economists. An understanding of macroeconomics can help people have a much better understanding about how our world functions and why governments and international agencies might be behaving as they do. There are many great books about macroeconomics and we will only be able to examine some of the very best of them here.

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What are Business Cycles (Economic Cycles) and What Causes Them?

The business cycle is something you will frequently hear economists mention.  It is often discussed in relation to a countries economic performance or how markets are behaving on a global scale. It seems to be quite an important concept so what does it actually refer to?

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What is Keynesian Economics?

Those who listen to the financial news may have heard the term ‘Keynesian economics’ floated around. There may be some confusion as to what this is actually referring to. Discussions about the validity of this theory can become heated among economists so it is worth having some idea as to what is behind it all.  A basic explanation will be provided here.

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Where is the Gold Price going?

John Maynard Keynes called gold “the barbarous relic”. Now, long after Keynes’ school of economics became unfashionable, gold is once again in fashion, hitting an all time dollar record even when other metals and commodities have dived in price as a result of poor industrial demand. So what is driving the gold price?

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What is Quantitative Easing and does it cause inflation?

Quantitative Easing is essentially the creation of money. As we live in a digital age, the money is not even printed any more but simply created on computers. How come we aren’t seeing prices rise?

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Some very interesting Economic information graphics

Visualizing Economics:

  • How can you measure a nation’s wealth?
  • How much do you earn?
  • How rich is the United States?

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EconGuru Economics Guide

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