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Keynesian economics |
Also found in: Wikipedia, Hutchinson | 0.07 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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Paul pointed out, even some Keynesian economists admit that the Consumer Price Index (CPI) "grossly understates true [price] inflation," with "the most glaring problem" being that "CPI excludes housing prices, instead of tracking rents. |
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