K index
Kaldor-Hicks efficiency
Introduction
The Kaldor-Hicks efficiency or welfare improvement criterion is a concept of efficiency and welfare improvement used in economics. The Kaldor-Hicks criterion, named after John Hicks and Nicholas Kaldor, is a method used to determine whether an economic policy change is Pareto optimal......
07/07/2023 
1038 
Lila
Kassel Business Cycle Theory
Kondratieff Cycle Theory
Kondratieff Cycle Theory is a long-term economic cycle theory developed by the Russian economist Nikolai Kondratieff. Kondratieffs main objective was to explain economic cycles, which he defined as long-term economic fluctuations. Kondratieff created a model of economic de......
Keynes' theory of state intervention
Introduction
During the last century, John Maynard Keynes made an extraordinary contribution to economics. His work formed the basis of modern macroeconomics and set the stage for much of the fields subsequent developments. His most lasting contribution is what has become known as the Keynesian a......
Keynes' theory of liquidity preference
Introduction
John Maynard Keynes is one of the most influential economists of the twentieth century. His theories continue to shape economic thought today. One of his most influential works was the General Theory of Employment, Interest and Money, published in 1936. In this work, Keynes outlined ......
Keynes' theory of insufficient effective demand
John Maynard Keynes (1883-1946) was a British economist who studied the phenomenon of an inadequate level of effective demand as the source of business cycle. This is known as his effective demand insufficient theory.
In the Great Depression of the early 1930s, unemployment is at its peak and eco......
keynesian revolution
The Cause and Effect of the Keynesian Revolution
John Maynard Keynes’s Monetary Theory of Employment, which was published in 1936, revolutionized economics. Keynes sought to address the problems of economic depression, doubts about the effectiveness of government action, and the understanding of......
Keynesian business cycle theory
Introduction
The Keynesian theory of economic cycles is a theory proposed by British economist John Maynard Keynes (1883-1946). Keynes is one of the two most influential economists of the 20th century and his theory of economic cycles has been used to explain macroeconomic behavior since the 1920......
Keynesian General Theory of Employment
Recently, a new job searching model has been gaining traction: the “Keiths Employment Tunnel” concept. It is a model of job searching that seeks to provide candidates and employers with a way of efficiently finding one another, reducing the time investment in both preparation and searching for p......
Keynesian Beauty Theory
Kelleys Theory of Selective Perception
Introduction
Kelley’s Theory of Selective Perception proposes that individuals determine their own understanding of reality by selectively filtering out and interpreting the objective reality presented to them. This theory was developed in the mid-20th cen......
Keynesian Fiscal Policy
Keynesian fiscal policy
Keynesian fiscal policy is an economic theory developed by British economist John Maynard Keynes in the 1930s. The theory states that government spending, taxation and the money supply can be used to influence economic activity. In general, Keynesian fiscal policy involves......
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