Named for economist John Maynard Keynes. An economic theory which advocates government intervention, or demand-side management of the economy, to achieve full employment and stable prices. see also Reaganomics, supply-side economics.
Theories developed by the U.K.'s John Maynard Keynes based on a cause and effect analysis of variations in aggregate spending and income. These thoughts opposed the free market philosophy and believed that economic performance could be improved by government intervention. They held sway in the 1960s and 1970s in the Western world.
Body of economic thought originated by the British economists and government adviser, John Maynard Keynes (1883-1946), that active government intervention is necessary to ensure economic growth and stability. Keynesian economics had a great influence on the public economic policies of industrial nations, including the United States.
A school of thought that emphasizes the role government plays in stabilizing the economy by managing aggregate demand.
A body of economic thought originated by the British economist and government adviser, John Maynard Keynes (1883-1946), whose landmark work, The General Theory of Employment, Interest and Money, was published in 1935. Keynes believed that active government intervention in the marketplace was the only method of ensuring economic growth and stability.
The doctrine that active government intervention in the marketplace and monetary policy at key times is the best method of reducing the risk of financial instability in the investment markets, and in the economy as a whole.
An economic theory originated by the British economist John Maynard Keynes and his followers. Keynes maintained that governments should use the power of the budget to maintain economic growth and stability and overcome the recessionary cycles common in most western economies.
An economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability.
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
Keynesian economics (pronounced ), also called Keynesianism, or Keynesian Theory, is an economic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics promotes a mixed economy, where both the state and the private sector play an important role. Keynesian economics differs markedly from laissez-faire economics (economic theory based on the belief that markets and the private sector operate well on their own, without state intervention).