Considers the relationship between religious and economic schools of thought. This work explores the integration of theology and economics that was prevalent before the 20th century, the rise of secular neoclassical economic models in that century, and the trend toward examining economic behaviour through the prism of religious belief.
Considers the relationship between religious and economic schools of thought. This work explores the integration of theology and economics that was pr...
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago.
However, with the...
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession an...
