FOR those interested in the evolution of President Roosevelt’s tax philosophy — and who is n’t? — John Maynard Keynes’s new volume should be required reading. It will come as a shock to many to learn ...

Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

Just how important is money? Few would deny that it plays a key role in the economy.­ During the Great Depression of the 1930s, existing economic theory was unable either to explain the causes of the ...