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Keynesian

Keynesian

22 7.6
Relating to government action to keep people working and the economy growing
  • adjective
  • /ˈkeɪnziən/
  • Specialized
translation icon : keynesiano
  • The government implemented a Keynesian stimulus package to counter the economic downturn and boost employment.
  • Keynesian economics
  • Keynesian policy
  • Keynesian macroeconomics

And the Post Keynesian school has gone in that orientation.

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Examples

  • However, these plans were discarded in most countries in favor of Keynesian macroeconomic policies during the economic depression of the 1930s.

    Academic text (1996)
  • The Great Depression set the stage for a shift away from strict monetarism and laissez-faire policies toward Keynesian demand management.

    Academic text (2011)
  • You know, is he going to continue on with his Keynesian or loose money policy or does he want sound money?

  • This obsession with having a a stable unit of account in my mind is very Keynesian, not Austrian.

  • And that was stimulus money, Keynesian stimulus money to try and get the economy going.

  • Stable exchange rates are required, according to Keynesian doctrine, to control cross-border capital flows.

    Academic text (1998)
  • You can't stimulate an economy with Keynesian policies if your citizens are buying only foreign-made products.

    Blog text (3)
  • Economists on the left, such as Christine Romer and Paul Krugman, want Congress to enact further Keynesian fiscal stimulus.

    Academic text (2011)
  • Many economists believe that Keynesian policies, which emphasize government spending, can help recover the economy after a recession.

  • His book explains the importance of Keynesian theories in addressing modern economic challenges through active fiscal policy.

Surface Forms

Keynesian positive

Morphology

Keynesian = Keynes (transparent) = Keynes + ian

Regular adjectival formation from the proper name 'Keynes' using '-ian' to indicate 'relating to Keynesian economics'.

Etymology

Keynesian comes from the name of the British economist John Maynard Keynes, and the ending -ian means 'belonging to' or 'related to', like in vegetarian. So, a Keynesian policy or idea is one that follows Keynes's view that government action can help the economy.