Keynesian

American  

[keyn-zee-uhn] / ˈkeɪn zi ən /

adjective

1. of or relating to the economic theories, doctrines, or policies of Keynes or his followers, especially the policy of maintaining high employment and controlling inflation by varying the interest rates, tax rates, and public expenditure.

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noun

1. a person who maintains or supports the theories, doctrines, or policies of Keynes.

Other Word Forms

• Keynesianism noun

Etymology

Origin of Keynesian

First recorded in 1935–40; Keynes + -ian

Example Sentences

“The dominant economic assumption for really the entire post-World War II era has been that Keynesian macroeconomic management can tame the uncertainties and extremes of the economy,” Reich said.

From Los Angeles Times

When he faces the King of Diamonds in a contest of chance and averages based on a concept known as The Keynesian Beauty Contest, he gives each a workout.

From Salon

Keynesian economics is largely focused on demand, changes in which, it posits, cause the business cycle to fluctuate.

From New York Times

Dr. Prescott countered that the Keynesian template is incomplete.

From Washington Post

Focusing on the tightness of labor markets as a basis for forecasting inflation is firmly within progressive Keynesian tradition.

From Washington Post