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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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certainly were not alone in embracing Keynes; Richard Nixon famously declared in 1971, "We are all Keynesians now. We are all Keynesians Now," read the headline for the magazine's cover story that would go on to rank him "with Adam Smith and Karl Marx as one of history's most significant economists. India's economic policy makers have managed to effectively keep away from the Monetarists versus Keynesians ideological divide. |
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