Monetary and fiscal policy | Aggregate demand and aggregate supply | Macroeconomics

Die Planwirtschaft hat in den letzten Jahren ein unerwartetes Revival gefeiert. Die These: Im Zeitalter von Big Data, künstlicher Intelligenz und neuen Kommunikationstechnologien sei der Markt eine veraltete Technologie der Vergangenheit. Angesichts des Scheiterns effizienter politischer und wirtschaftlicher Koordination in der Pandemie und der Klimakrise kommt diese Debatte gerade rechtzeitig. …

An Introduction to the Political Theory of John Maynard Keynes. John Maynard Keynes was arguably the greatest economist of the 20th century. He discovered the idea that governments should stimulate demand during economic downturns.

With the onset of an economic crisis that has been universally acknowledged since the end of March, two main questions arise: To what extent is the corona pandemic the starting point (or even the cause) of this crisis? And secondly: can the aid programmes that have been adopted prevent a deep and prolonged recession?

In this lecture, Sanjay Reddy reviews the work of János Kornai, especially his critique of the socialist system, which is rooted in his understanding of the eminently political character of socialism.