We are presenting a theory of macroeconomics which we think is in the spirit of Keynes, but it is a new theory. Click here to see Posner's response to this piece.

The biggest difference between microeconomics and macroeconomics is in the scales of the two subjects. Both are key to understanding how markets work.

STEVE SMITH Part of my occupation involves keeping an eye on what is happening in the retail segment of the Newport-Mesa economy.

Lawrence R. Klein, Macroeconomics and the Theory of Rational Behavior, Econometrica, Vol. 14, No. 2 (Apr., 1946), pp. 93-108 ...

Enter game theory, a bedrock principle of behavioral economics. “Game theory comes from the fact that neither the human nor the robot make decisions about what to do in pursuit of their goals in ...

Gilder attributes this controversial theory of economics to a Frenchman named Jean-Baptiste Say, who suggested that payments generated in producing goods and services create demand for those goods ...