Economics beyond the individual

Mainstream macroeconomics has traditionally focused on individual choices, such as consumer spending and saving, to understand economic growth and instability. However, this approach overlooks the significant impact of business investment on the economy. Business investment is driven by profit expectations and uncertainty, which can lead to fluctuations in economic activity. This is where Keynesian economics comes in, highlighting why saving does not automatically translate to investment and why the underlying economic structure plays a crucial role in shaping economic outcomes.

Why it matters

Mainstream macroeconomics has been focusing on individual choices, but business investment driven by profit expectations and uncertainty plays a significant role in shaping economic growth. This shift in focus could lead to a better understanding of the

Market impact

Transmission channels

Likely winners & losers

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