(n) English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946), Syn.John Maynard Keynes
(n) the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
prop. 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. Syn. -- John Maynard Keynes. [ WordNet 1.5 ]
adj. 1. 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. [ wns=1 ] [ WordNet 1.5 +PJC ]
2. A believer in the theories of Keynesianism. [ PJC ]
adj. the macroeconomic theories and politico-economic policies of British economist John Maynard Keynes (1883-1946) and his followers; -- used especially in reference to their advocacy of governmental action to maintain low unemployment through government spending. See Keynes. [ WordNet 1.5 +PJC ]
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