Keynesian

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Keynesian

A scholar or other person who believes that government intervention is necessary to ensure an active and vibrant economy. According to this theory, government should stimulate demand for goods and services in order to encourage economic growth. It thus recommends tax cuts and increased government spending during recessions to reinvigorate growth; likewise, Keynesians recommend tax increases and spending cuts during economic expansion in order to combat inflation. Many economists believe that Keynesian economic theory is more efficient than supply-side economics, though critics point to the theory's inability to explain stagflation in the United States during the 1970s.
References in periodicals archive ?
the traditional view, Keynes heroically resigned from the British
Keynes only said that Moore's influence was dominating, not that everything could be reduced to it completely.
Keynes strongly argued that printing money alone was not enough.
Garrison argues that the shape of the Hayekian triangle is fixed because Keynes assumes that "income to all factors bears a constant ratio to income to labor.
After a brief introductory chapter, Chapter 2 explains that it was George O'Brien who invited Keynes to speak; Nolan demonstrates that the lecture's title was one proposed by Keynes (p.
The new Milton Keynes Metro Bank store is located at Oakgrove Village, Milton Keynes, MK10 9SU, where customers will be looked after by a team which is being led by regional director Brian Woolrich and store manager Gavin Sharp.
El capitulo II hace referencia a la biografia de Keynes como elemento que ayuda a entender el porque de sus ideas: Keynes mostro una clara preocupacion por los problemas reales que afectaban a la sociedad en su epoca.
Give yourself room for error even for a man as bright as Keynes, it was not easy to establish precisely what an investment was worth, so he made generous allowance for the possibility of mistakes in his estimates.
Keynes was also hoping to restore Britain's prewar position as a leading industrial and financial power.
I should not have suggested - in an off-the-cuff response that was not part of my presentation that Keynes was indifferent to the long run because he had no children, nor that he had no children because he was gay," he said in a statement in response to an emailed query.
The seminar takes place on Thursday June 28 at Jury's Inn, Milton Keynes, from 10.
Milton Keynes is a Mecca for families wanting lots of activities.