Conservatives deride Bruce Bartlett, a supply-side economics inventor, as a Keynesian for criticizing their devotion to tax cuts.
Huge amounts of military spending provide the example that solidifies the Keynesian claim.
A particularly intriguing segment of the story deals with how he came to change his opinion on Keynesian economics.
However, expectations of just what Keynesian economic policy can achieve should be limited.
At Newsweek he dueled with his economic nemesis, Paul Samuelson, the amanuensis of the Keynesian revolution.
In doing this, he abandoned what was his earlier bias against Keynesian stimulus.
But obstructionists are unmoved by the standard Keynesian arguments that experienced policy economists take for granted.
In other words, neither Keynesian stimulus nor expansionary monetary policy are long term solutions.
But the cause was not Keynesian stimulus, but its very opposite.
A demand-side cut rests on the Keynesian theory that public consumption spurs economic activity.
1937 (adj.), 1942 (n.), from name of British economist John Maynard Keynes (1883-1946).