Keynesian - Definition - Law Dictionary Home Dictionary Definition keynesian

Definition :

Of or pertaining to John Maynard Keynes conforming to the theories of Keynesianism especially the term is used to refer to the macroeconomic theories and politico economic policies proposed by Keynes and his followers especially in regards to their advocacy of governmental action to maintain low unemployment through government spending Keyness book ldquoThe General Theory of Employment Interest and Moneyrdquo Macmillan 1936 had a strong influence on views of the governments role in the economy through the 1970s