Keynesian economics

Cultural  

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

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Example Sentences

One thing I always say is, until the Great Depression, it’s easier to be sympathetic to people who don’t understand how economic depressions happen because they didn’t understand Keynesian economics.

From Slate • Nov. 2, 2020

Today young people coming out of college with business degrees can be expected to debate Keynesian economics with the best/worst of them.

From Washington Times • Oct. 1, 2019

Keynesian economics suggests that, ceteris paribus, the federal government should run surpluses in the good times and deficits in the bad times, thereby ameliorating the low and high amplitudes of inevitable economic downturns and upturns.

From Washington Post • Jan. 5, 2018

John Maynard Keynes got it right and thus was born Keynesian economics starting with this basic concept in 1936.

From Textbooks • Nov. 29, 2017

The new economic orthodoxy became associated with the theories of the British economist John Maynard Keynes and came to be called Keynesian economics.

From New York Times • Jul. 9, 2013