Keynesian
designating, of, or in accord with the economic theories of Keynes and his followers, which hold that full employment and a stable economy depend on the continued governmental stimulation of spending and investment through adjustment of interest rates and tax rates, deficit financing, etc.
an adherent of these theories
Keynesian
adjective
Of or relating to the economic theories of John Maynard Keynes, especially those theories advocating government monetary and fiscal programs designed to increase employment and stimulate business activity.
noun
A supporter of Keynes's economic theories.
Related Forms:
- Keynes′i·an·ism
noun
keynesian
Adjective
(comparative more Keynesian, superlative most Keynesian)
- (economics) Of or pertaining to an economic theory based on the ideas of John Maynard Keynes, as put forward in his book The General Theory of Employment, Interest and Money, published in 1936 in response to the Great Depression of the 1930s, and extensively extended by a large body of followers before and after his death in 1946.
Noun
(plural Keynesians)
- (economics) A proponent of Keynesian economic doctrine.
