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.

---

Example Sentences

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

From New York Times

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

From 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.

From New York Times

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

You can see this, she said, in the 1970s with stagflation, which was viewed as discrediting Keynesian economics.

From New York Times