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Keynesian economics |
Also found in: Wikipedia, Hutchinson | 0.01 sec. |
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Keynesian economics An economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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But even some Keynesian economists argue the improvement in national outputs may only be the result of temporary inventory replenishing. Keynesian economists counter that redistribution can increase demand if the money is transferred from savers to spenders. What Keynesian economists refer to as "insufficient aggregate demand" is the increased tendency to save, and the corresponding reduced tendency to spend, after savings have been |
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