Demand Management in Economics
Demand management in economics is the art or science of controlling economic or aggregate demand to avoid a recession. Such management is inspired by Keynesian macroeconomics, and Keynesian economics is sometimes referred to as demand-side economics.
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Famous quotes containing the words demand, management and/or economics:
“If she first meet the curled Antony,
He’ll make demand of her, and spend that kiss
Which is my heaven to have.”
—William Shakespeare (1564–1616)
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)