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Keynesian economics |
Also found in: Financial, Wikipedia | 0.01 sec. |
Keynesian economicsThe economic theory of English economist John Maynard Keynes, which argues that a fall in national income, lack of demand for goods, and rising unemployment should be countered by increased government expenditure to stimulate the economy. It is opposed by monetarists (see monetarism). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Although President Nixon began his first term by perpetuating the Keynesian policies of his predecessors, his At the end of the book he asks the question, '[A]ssuming systematic Keynesian policies of growth promotion were possible, would they be desirable? Keynesian policies are considered as a means of stimulating growth in output and employment; speed limits to growth and the inflation constraint are investigated; and a strong argument mounted for the public sector as a job engine. |
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