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Keynesian Economics
(redirected from Keynesian theory)

    Also found in: Wikipedia, Hutchinson 0.03 sec.
Keynesian Economics
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.

Notes:
A supporter of Keynesian economics believes it is the government's job to smooth out the bumps in business cycles. Intervention would come in the form of government spending and tax breaks in order to stimulate the economy, and government spending cuts and tax hikes in good times, in order to curb inflation.

Keynesian economics
An economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability.
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As an in-depth scholarly study of the economics and Keynesian theory, The Elegar Companion To Post Keynesian Economics delves extensively into a political and theory-based post-Keynesian economics, including essays, analysis and other contributions from dozens of economic leaders worldwide.
The Elegar Companion to Post Keynesian Economics by Carson, Michael J. / Reviewer's Bookwatch
New Keynesian theory (Hall 1990, Mankiw and Romer 1991, Bernanke and Carey 1996, and Borda etal 2000) argues that the business cycle is generated by the instability of aggregate demand and supply.
A general explanation of the American business cycle of 1991-2001 by Mouhammed, Adil H. / Journal of Academy of Business and Economics
For one thing, as Hamilton dreamed, the national debt always reflected the cost of wars and depressions, at least until after World War II, when instead of reducing debt, economists used fiscal policy to pursue dreams that couldn't be fulfilled because of the inherent flaws of Keynesian theory.
WHAT'S SO BAD ABOUT THE NATIONAL DEBT? by Daily News (Los Angeles, CA)
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