Keynes’s Consumption Function

Understanding Keynes's Consumption Function: A Guide to Spending Habits John Maynard Keynes, a renowned economist, revolutionized our understanding of macroeconomics with his groundbreaking work, "The General Theory of Employment, Interest, and Money". One of his key contributions was the development of the consumption function, a fundamental concept in explaining consumer behavior and its impact on …

India’s Economic Journey: A Look at the Numbers

India, the world's largest democracy, is also home to a burgeoning economy, one that's brimming with potential and facing significant challenges. Let's delve into the numbers to understand the state of the Indian economy: Growth and Development: GDP: In FY23, India's GDP reached $3.47 trillion, making it the fifth largest economy in the world. GDP …

How Natural Calamities Cripple Economic Development

When Nature Strikes: How Natural Calamities Cripple Economic Development Natural calamities, from earthquakes and floods to hurricanes and droughts, are a grim reality for many parts of the world. Beyond the immediate human cost, these disasters leave behind a devastating trail of economic destruction, hindering development for years to come. The Immediate Blow: Infrastructure Damage: …

The Legacy of John Maynard Keynes: A Guide to His Enduring Impact on Economics

The Legacy of John Maynard Keynes: A Guide to His Enduring Impact on Economics John Maynard Keynes, a British economist who lived from 1883 to 1946, is often referred to as the father of modern macroeconomics. His ideas revolutionized the way we think about the economy, and his influence continues to resonate today. This post …