Forbes contributors publish independent expert analyses and insights. I cover domestic and world economics from a free-market perspective. The Nobel Committee has again awarded the Nobel Prize in ...

In this post, I will show that during the New Deal era, changes in the real economic growth rate can be explained almost entirely by the earlier changes in federal government's non-defense spending.

There has been a long debate considering whether the Keynesian model was simultaneously discovered. However, due to language barriers, not all relevant evidence has been available to English-speaking ...