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What is Keynesian Economics
Keynesian economics are the various macroeconomic theories and models of how aggregate demand strongly influences economic output and inflation. In the Keynesian view, aggregate demand does not necessarily equal the productive capacity of the economy. It is influenced by a host of factors that sometimes behave erratically and impact production, employment, and inflation.
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...What is New Keynesian Economics
For the purpose of providing Keynesian economics with microeconomic underpinnings, the New Keynesian economics school of macroeconomics is an attempt to give those foundations. New classical macroeconomics advocates were the ones who initially voiced their opposition to Keynesian macroeconomics, which led to the development of this theory.
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...What is Post Keynesian Economics
Post-Keynesian economics is a school of thinking in economics that has its roots in John Maynard Keynes's General Theory. Subsequent growth of this school of thought has been heavily impacted by the works of Micha? Kalecki, Joan Robinson, Nicholas Kaldor, Sidney Weintraub, Paul Davidson, Piero Sraffa, and Jan Kregel. A historian by the name of Robert Skidelsky contends that the post-Keynesian
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