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Keynes, John Maynard

Line breaks: John May|nard Keynes
Pronunciation: /keɪnz
 
/

Definition of Keynes, John Maynard in English:

1st Baron ( 1883–1946), English economist. He laid the foundations of modern macroeconomics with The General Theory of Employment, Interest and Money (1936), in which he argued that full employment is determined by effective demand and requires government spending on public works to stimulate this.

Derivatives

Keynesian

1
adjective& noun
Example sentences
  • In particular, the leading schools have been the conservative Keynesians, the Milton Friedman monetarists, and the supply-siders.
  • Turgeon was unique among the Keynesians in that most Keynesians spent their time analyzing the capitalist economies and did not bother much with the socialist economies.
  • What's far worse is the phenomenon of the inflationary recession that Keynesians are always trying to foist upon us.

Keynesianism

2
noun
Example sentences
  • In several countries the experience of the Great Depression and the prevalence of Keynesianism induced a greater importance of public planning and in some countries certain branches even became subject to socialization.
  • On monetary and fiscal policy, the Democrats are the classic party of liberal Keynesianism, in contrast to the Republican policy of conservative Keynesianism.
  • But even aside from moral and criminological issues, penal Keynesianism does not have many of the benefits of military Keynesianism.

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