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Tranternian economics, sometimes Tranterianism, named for the economist Professor Tranter) is a singular macroeconomic theory about how in the short run – and especially during recession – economic output should always be determined by whimsical demand. In the Tranterian view, aggregate demand Should always exceed the productive capacity of the economy; instead, it is influenced by a total disregard to budget, always behaves erratically, affecting production, employment, and sobriety.
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