Keynes

Keynes  (knz), John Maynard. First Baron of Tilton. 1883-1946.

British economist who proposed that high unemployment, being a result of insufficient consumer spending, could be relieved by government-sponsored programs. He also advocated deficit spending by governments to stimulate ecomomic activity.

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Keynes [keɪnz]

n

(Biographies / Keynes, John Maynard (1883-1946) M, English, SOCIAL SCIENCE: economist) John Maynard, 1st Baron Keynes. 1883-1946, English economist. In The General Theory of Employment, Interest and Money (1936) he argued that unemployment was characteristic of an unregulated market economy and therefore to achieve a high level of employment it was necessary for governments to manipulate the overall level of demand through monetary and fiscal policies (including, when appropriate, deficit financing). He helped to found the International Monetary Fund and the World Bank

Keynesian  adj & n

Keynesianism  n

Thesaurus

Noun

1.

Keynes - English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946) John Maynard Keynes Bloomsbury Group - an inner circle of writers and artists and philosophers who lived in or around Bloomsbury early in the 20th century and were noted for their unconventional lifestyles