Keynesian economics
demand-side economics, economic theory which advocates active government intervention in order to achieve a stable economy and employment level (Economics) | ||||
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Keynesian economics definition was found in categories: Business & Finance(1) Encyclopedia(1)
Keynesian economics Definition from Business & Finance Dictionaries & Glossaries
| Campbell R. Harvey's Hypertextual Finance Glossary |
Keynesian economics
An economic theory founded on the belief that active government intervention is necessary to ensure economic growth and stability.
An economic theory founded on the belief that active government intervention is necessary to ensure economic growth and stability.
Keynesian economics Definition from Encyclopedia Dictionaries & Glossaries
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Keynesian economics
Keynesian economics (pronounced "kainzian", IPA ), also called Keynesianism, or Keynesian Theory, is an economic theory based on the ideas of the 20th-century British economist John Maynard Keynes. Keynesian economics promotes a mixed economy, in which both the state and the private sector are considered to play an important role. Keynesian economics markedly differs from, and sought to provide solutions to what some economists believed to be the failure of laissez-faire economic liberalism (which advocates that markets and the private sector operate best without state intervention).
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