Keynesianism


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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.

Keynesianism

the economic theories of John Maynard Keynes (1883-1946), English economist, and his advocates, especially his emphasis upon deficit spending by government to stimulate business investment. — Keynesian, n., adj.
See also: Economics
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Keynesianism - the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
economic theory - (economics) a theory of commercial activities (such as the production and consumption of goods)
Translations
keynesianismo
References in periodicals archive ?
Parasitic relations with the state are an essential part, obviously, of all known forms of capitalist (un)development, from (de)industrialization patterns in parts of Africa to heavy manufacturing export patterns in parts of Asia to military Keynesianism in the United States.
Autonomous national economic policy, on which the Keynesianism of the four social democratic countries had been predicated, was thwarted by the globalization of capital markets, the continued dominance of the dollar and the rise of international monetarism--the rigid linkage of interest rates to price stabilization--as guide to policy.
the Wagner Act, Keynesianism, and economic regulation) were institutionalized while social justice issues were left largely to the side.
There were particularly marked disputes between those who believed in very active Keynesianism to boost growth even if it did cause inflation; those who wanted import controls to allow demand to grow without sucking in imports; and those who were starting to argue that macro tools should mainly be used to secure stability in the macroeconomic conditions because it encourages private sector investment and other activity.
The point, then, is that we'd be in much better shape if we were following Reagan-style Keynesianism.
The only positive thing we can say about it is that it a version of Keynesianism.
Alan is right that a return to Keynesianism could oppose our present obsession with a failing devotion to monetarism which is slowly destroying our society.
While there is some truth to this narrative, it fails to mention the very important role played by the success of Keynesianism in promoting economic development.
Keynesianism definitively ended in 1979, following the second oil-price shock of the decade.
Indeed, the revival of old-fashioned Keynesianism to fight the recession seems to stem more from political expediency than modern economic theory or historical experience, maintain Ira Brannon, former senior advisor to the Treasury, and Chris Edwards, director of Tax Policy Studies at the Cato Institute, Washington, D.
James, for whom Keynesianism institutionalized a system of capitalist/trade union co-management.
Keynesianism became the economic orthodoxy of the United States and Britain in the 1950s and 1960s.