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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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Although President Nixon began his first term by perpetuating the Keynesian policies of his predecessors, his At the end of the book he asks the question, '[A]ssuming systematic Keynesian policies of growth promotion were possible, would they be desirable? Keynesian policies are considered as a means of stimulating growth in output and employment; speed limits to growth and the inflation constraint are investigated; and a strong argument mounted for the public sector as a job engine. |
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