Keynesian Economics


Named for economist John Maynard Keynes. An economic theory which advocates government intervention, or demand-side management of the economy, to achieve full employment and stable prices.

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With the global economic woes of recent years, sharp debate has formed over whether to adopt Keynesian economics or austerity measures instead.

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Our laissez-faire CEO hated the new liberal President of the United States because of his adherence to high government spending and Keynesian economics.

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The governor did not receive many votes as he ran for president with the ancient idea of Keynesian Economics, which the majority of the country did not agree with.

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