from The American Heritage® Dictionary of the English Language, 4th Edition
- adj. Of or relating to the economic theories of John Maynard Keynes, especially those theories advocating government monetary and fiscal programs designed to increase employment and stimulate business activity.
- n. A supporter of Keynes's economic theories.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- adj. 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.
- n. A proponent of Keynesian economic doctrine.
from the GNU version of the Collaborative International Dictionary of English
- adj. 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. Keynes's 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.
- adj. A believer in the theories of Keynesianism.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a follower of the economic theories of John Maynard Keynes
- adj. of or relating to John Maynard Keynes or to his economic theories
Sorry, no etymologies found.
China's stimulus took the form of a massive expansion of bank lending, rather than the kind of fiscal spending Westerners typically think of when they hear the word Keynesian.
Ask yourself this question: if Labour were in charge and talking about some remedy involving spending, if the word "Keynesian" was being used, what you have said?
[If you are unfamiliar with the term Keynesian economics, please see the embedded graphics.
"You throw the term Keynesian out to make it simple, to dismiss ideas that you cannot grasp.
Temporary, short-term Keynesian actions and interventions were out.
As in Keynesian theory, the model posits some degree of short-run nominal rigidity.
There need be reevaluation of current belief in Keynesian stimulus.
Given this lengthy period of slow growth, it was a mistake for the Obama administration to pursue short-term Keynesian stimulus.
In short, what ails the U.S. economy is primarily a structural problem, not a cyclical one that can be effectively dealt with through the magic of short-term Keynesian stimulus.
Balls believes he has to reassure an electorate that his support for a short-term Keynesian stimulus to kickstart growth now does not mean that he thinks cuts are avoidable later.