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Keynesian Economics
(redirected from Keynesianism)

   Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.01 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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Military Keynesianism has been a historical solution to the rising "degree of monopoly [that] created a tendency for the societal surplus to rise while at the same time limiting the extent to which this surplus could be 'offset' by profitable investment outlets.
Keynes' theories were even adopted by militarists--but with a twist: whereas Roosevelt's work programs were designed to benefit the general population directly, military Keynesianism turned defense contractors into middlemen, administering government funds privately.
In it, he discusses Bush's policy of military Keynesianism.
 
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