Keynesian


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Keynes·i·an

 (kān′zē-ən)
adj.
Of or relating to the economic theories of John Maynard Keynes, especially those theories advocating government monetary and fiscal programs designed to increase employment and stimulate business activity.
n.
A supporter of Keynes's economic theories.

Keynes′i·an·ism n.

Keynes•i•an

(ˈkeɪn zi ən)

adj.
1. pertaining to the economic theories of Keynes, esp. that the level of national income and employment both depend on consumption and investment spending.
n.
2. an advocate of the theories of Keynes.
[1935–40]
Keynes′i•an•ism, n.

Keynesian

Typical of the economic theories of John Maynard Keynes, particularly of his belief that governments must use monetary and fiscal regulation to keep unemployment down.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Keynesian - a follower of the economic theories of John Maynard Keynes
follower - a person who accepts the leadership of another
Adj.1.Keynesian - of or relating to John Maynard Keynes or to his economic theories
Translations
keynésien

Keynesian

[ˈkiːnzɪən] ADJ & Nkeynesiano/a m/f
References in periodicals archive ?
Keynesian economics was created to explain this failure of supply and demand.
Whereas the Great Depression of the 1930s produced Keynesian economics, and the stagflation of the 1970s produced Milton Friedman's monetarism, the Great Recession has produced no similar intellectual shift.
A decade ago, two schools of macroeconomists contended for primacy: the New Classical -- or the "freshwater" -- School, descended from Milton Friedman and Robert Lucas and headquartered at the University of Chicago, and the New Keynesian, or "saltwater," School, descended from John Maynard Keynes, based at MIT and Harvard.
Post Keynesian Theory and Policy: A Realistic Analysis of the Market Oriented Capitalist Economy
Summary: When the economy slows, unemployment rises and consumption slumps, smart policymakers blow the dust off their Keynesian economics books and try to figure out which amount of government expenditure coupled with tax cuts would make optimal capital available to stimulate a prosperous cycle.
This was not always the case insofar as heterodoxy (non-mainstream approaches to economic analysis) predates Keynesian perspectives by at least several centuries and incorporates sociological, institutionalist, mercantilist and religious forms of enquiry.
ySTANBUL (CyHAN)- Syriza's victory in Greece re-instigated the old debate in Europe between those who advocate fiscal discipline at all costs versus the Keynesian anti-austerity camp.
While international policymakers assume that Europe is suffering a Keynesian crisis that can be cured with Keynesian demand management via borrowing or loose monetary policy, this book shows that the European problem results from wrong relative goods prices and wages, caused by an inflationary credit bubble in southern Europe.
Mainstream economics became Keynesian from the late 1930s through the 1970s.
Besides the outsized role Phillips' research played in the creation of a Keynesian economic model that survived John Maynard Keynes' death, the man's biography is a whale of a story, which Harford succinctly captures.
One consequence of the so-called microfoundations project was that the field of macroeconomics itself underwent a radical transformation in which models of Keynesian provenance were pushed off the main stage in favour of dynamic stochastic general equilibrium models occupied by representative agents with rational expectations.