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 ?
Conventional policy discussions are rooted in the (by now old) New Keynesian tradition of viewing macroeconomic problems as a reflection of frictions that slow convergence to a classical market-clearing equilibrium.
A purported professional consensus has encouraged left-wing Keynesian economists to preach, with much moral righteousness, against the socalled "austerity programmes" introduced by European governments in the past decade.
The problem of stagnation and widespread unemployment was solved with the application of Keynesian macro-economic tools.
For instance, an economist who has been trained in a Keynesian-oriented department would tend to interpret a current economic event as per the Keynesian frame of thought.
The authors derive the Keynesian model as a special case of the Hicksian IS-LM model and propose a new diagrammatic representation of the Keynesian model as a regular cross.
In previous parts of this article, we have described how strict financial regulation and Keynesian prescriptions for full employment brought prosperity for the masses, but reduced corporate profits.
This note puts the naive presentation of the accelerator model into a Keynesian framework and in this way provides even more clarity to the folly of the initial premise.
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.
'Keynes was in no way the first Keynesian', Geoff Mann announces in the preface to this important--and highly readable--book.
Our conviction, which we will spell out at greater length in our forthcoming book, The Keynesian Revolution and Economic Materialism: We're All Dead (Palgrave Macmillan), is that the economic/cultural dichotomy not only dominates how we think about our problem; it is a key cause of the problem.