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