Definitions
American Heritage® Dictionary of the English Language, Fourth Edition
- Keynes, John Maynard. First Baron of Tilton. 1883-1946. British economist who proposed that high unemployment, being a result of insufficient consumer spending, could be relieved by government-sponsored programs. He also advocated deficit spending by governments to stimulate ecomomic activity.
Wiktionary
GNU Webster's 1913
- n. John Maynard Keynes, the british economist (1883-1946) whose book “The General Theory of Employment, Interest, and Money” (Macmillan, 1936) had a strong influence on views of the government's role in the economy through the 1970's. See Keynesian.
WordNet 3.0
- n. English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)
Etymologies
- Alteration of Anglo-Norman Kahaignae, Chaiines ("Cahagnes, now a commune in Normandy") (Wiktionary)
Examples
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“We need to spend enough to be sure Keynes is incorrect.”
“The reader who sent me the link pointed out that Robert Skidelsky, author of the superb biography of Keynes, is a co-author in the economics section.”
Global Warming Heretics, Arnold Kling | EconLog | Library of Economics and Liberty
“The only people since the 1960's who still think Keynes is creadible are people who have ignored the previous 60 years of history and a small handful of academics and politicos who can't let their socialist dream die the death it deserves.”
“It's just evidence of non-serious thinking to still believe in Keynes!”
“After forty years of Chicago school dominance, Keynes is back.”
“Keynes is instructive here, in a very real sense it is impossible for society to 'save'.”
Kotlikoff on Social Security, Arnold Kling | EconLog | Library of Economics and Liberty
“The bottom line with Keynes is that government interference in the economy was seen as a means of CONTROLLING growth.”
The Civility Plea, Arnold Kling | EconLog | Library of Economics and Liberty
“While Keynes is all the rage these days, as the way things actually "work" in our society are laid bare for a short period, Veblen keeps popping up in my head.”
“Keynes is about upsetting high unemployment, low output equilibrium, not government spending to offset private savings.”
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