WASHINGTON - FEBRUARY 02: White House Office of Managment and Budget Director Peter Orszag testifies before the Senate Budget Committee about the Obama Administration's FY2011 budget on Capitol Hill ...

Supply-side economics, often deemed by opponents as “Trickle-Down” economics, is a macro-economic theory that argues sustained economic growth is spurred primarily by lowering taxes on the wealthy and ...

Keynesian economics is a macroeconomic theory that advocates for active government intervention to manage economic cycles, particularly during recessions and depressions. Developed by British ...

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 ...