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Keynesianism |
Also found in: Financial, Wikipedia, Hutchinson | 0.01 sec. |
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
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Military Keynesianism has been a historical solution to the rising "degree of monopoly [that] created a tendency for the societal surplus to rise while at the same time limiting the extent to which this surplus could be 'offset' by profitable investment outlets. Keynes' theories were even adopted by militarists--but with a twist: whereas Roosevelt's work programs were designed to benefit the general population directly, military Keynesianism turned defense contractors into middlemen, administering government funds privately. In it, he discusses Bush's policy of military Keynesianism. |
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