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13 Aug The Multiplier and links to Keynesian Economics

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The Multiplier and links to Keynesian Economics The concept of the multiplier process became important in the 1930s when John Maynard Keynes suggested it as a tool to help governments to maintain high levels of employment This “demand-management approach”, designed to help overcome a shortage of capital...

11 Aug The Big Picture: Eradication of poverty: What steps need to be taken to achieve this goal?

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In a recent speech, Prime Minister of India set a target to alleviate poverty from the nation in coming 5 years. India, even after seven decades of independence, and being one of the major world economies, has about a quarter of population living under poverty. Every successive government, since 1947,...