View example sentences, synonyms and word forms for Keynesian.
Keynesian meaning
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.
Synonyms of Keynesian
Example sentences (20)
Post-Keynesian economics is a heterodox school that holds that both Neo-Keynesian economics and New Keynesian economics are incorrect, and a misinterpretation of Keynes's ideas.
Keynesian wisdom was in question, although Paul Samuelsson vigorously defended Keynes saying that stagflation — a combination of stagnation and inflation — was the consequence of a supply shock and quite consistent with Keynesian theory.
Krugman is a New Keynesian and his essay was intended to show that the Great Recession vindicated standard New Keynesian models.
Blanchard (2011), 590. New Keynesian economics, which developed partly in response to new classical economics, strives to provide microeconomic foundations to Keynesian economics by showing how imperfect markets can justify demand management.
Keynesian view Keynesian economics proposes that changes in money supply do not directly affect prices, and that visible inflation is the result of pressures in the economy expressing themselves in prices.
Many Keynesian economists initially believed that the Keynesian vs. monetarist debate was solely about whether fiscal or monetary policy was the more effective tool of demand management.
New-Keynesian economics is also associated with developments in the Keynesian fashion.
New Keynesian response New Keynesian economists responded to the new classical school by adopting rational expectations and focusing on developing micro-founded models that are immune to the Lucas critique.
Some, such as the Keynesian and Post-Keynesian schools, strongly reject general equilibrium theory as "misleading" and "useless".
Textbook expositions of Keynesian policy naturally gravitated to the black and white 'Lernerian' policy of Functional Finance rather than the grayer Keynesian policies.
The Post-Keynesian school encompasses a variety of perspectives, but has been far less influential than the other more mainstream Keynesian schools.
While this idea was a severe criticism of early Keynesian theories, it was gradually accepted by most Keynesians, and has been incorporated into New Keynesian economic models.
The votaries of Keynesian economic theory believe that we can grow our economies as well as reverse environmental degradation using techno-fixes – a belief at odds with reality.
While hiding behind its Keynesian credentials, the Bank of Japan has an enormous problem.
I’m certaiy glad I didn’t learn too much (Keynesian) economics in high school.
I was surprised when my friend the Keynesian economist Roger Bootle opted for Brexit.
Samuelson, like Ratliff, was a Keynesian, which meant, I think, that when a nation’s economy is struggling, it is a time for the government to pour money into the economy to stimulate activity.
Suppose the Keynesian economic model will completely miss the mark, and following that model is simply doing more of what’s failed.
Then there’s the cornerstone of Keynesian economics – the canard of “the paradox of thrift” which asserts that savings reduces consumption, which in turn reduces GDP, which leads to lower savings.
The theory of the absorption of the rising surplus through wasteful state expenditure seems to be an attempt at explaining the nature of Keynesian economic policies in Marxist terms.