Keynesianism

Noun

Meaning

the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment

Synonyms

Hypernyms

Examples

Friedrich Hayek had formed the Mont Pelerin Society in 1947, with the explicit intention of nurturing intellectual currents to one day displace Keynesianism and other similar influences. Source: Internet

The objective was to boost economic demand and thus economic activity ( Keynesianism ), but the stimulative fiscal policy implemented by the Mauroy government was in contradiction with the constrained monetary policy implemented by the Bank of France. Source: Internet

So many right libertarians are not Hayekian, which is why some of them are inclined towards anarchism and thus oppose both Keynesianism and Neoliberalism as well as corruptions of these two philosophies that more closely resemble fascism. Source: Internet

The Left kept it at bay in the 1950s and 1960s by pretending that “reformist” and “ineffectual” “Keynesianism” was Keynes. Source: Internet

The end of simplistic Keynesianism in the 1970s created a void in macroeconomics that was filled by “rational expectations” theory developed by John Muth, Robert Lucas, Thomas Sargent, Robert Barro, and others. Source: Internet

Keynesianism In Schumpeter's theory, Walrasian equilibrium is not adequate to capture the key mechanisms of economic development. Source: Internet

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