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As exampled by the work of Nassau William Senior (1790-1864), and English economists John Stuart Mill (1806-1873) and John Maynard Keynes (1883-1946), economic methodology is the process by which economics is explained: the philosophy of science applied to economics.

In the 19th century, British economists examined the premises of economic theory, arguing that the verification of [...]

Given its current name by Austrian economist Ludwig von Mises (1881-1973), forced saving refers to an an involuntary reduction in consumption which arises when an economy is in full employment and when it has an excess supply of loans.

The excess depresses the market rate of interest and stimulates demand for investment finance which precipitates general [...]

Outlined by English economist John Maynard Keynes (1883-1946), demand pull inflation describes a rise in prices triggered by an excess of demand for the available supply in the economy.
Keynes raised an important concept of an inflationary gap, which replaced the notion that inflation was caused by a rise in the money supply.
Written by: Amaan Goyal
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Also known as liquidity preference, demand for money theory deals with the desire to hold money rather than other forms of wealth (for example stocks and shares).

It is particularly associated with the work of English economist John Maynard Keynes (1882-1946).
Keynes distinguished three motives for holding money: the transaction motive (to meet day-to-day needs); the speculative [...]

Cambridge capital controversies refer to the debate between British and American economists concerning the neoclassical approach to economics. They were based at Cambridge University (England) and the Massachusetts Institute of Technology (Cambridge, USA), respectively.

The Modern School, particularly influenced by Alfred Marshall (1842-1924) and headed by the English economists Arthur Cecil Pigou (1877-1959) and John Maynard [...]