Keynesian economics

1. Economic theories that advocate using government spending programs to increase employment. They are based on the thinking of John Maynard Keynes.

Example Sentences

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

Read more on New York Times

We saw this in a big way between 1950 and 1980, when Keynesian economics reigned and labor unions helped wages — and the taxes they paid — steadily rise for working people.

Read more on Salon

At the same time, though, and to a degree that almost seems self-aware, it either ignores or denounces any policy for dealing with those problems that has a hint of a connection to Democratic Party know-it-alls, dismissing the Green New Deal’s clean-energy infrastructure spending for its alleged connection to “social justice,” attacking “Keynesian” economics, and arguing in favor of “shrinking the regulatory state.”

Read more on Slate

He studied Keynesian economics at M.I.T., ultimately becoming the first Italian to receive a doctorate there.

Read more on New York Times

A nimble code switcher, Obama is comfortable being the poet, as he describes the majesty of the Hindu Kush from the window of a helicopter; the professor, as he delves into Keynesian economics; and the openhearted family man, as he recounts the death of his grandmother.

Read more on New York Times