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Keynesian economics |
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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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Military Keynesianism has been a historical solution to the rising "degree of monopoly [that] created a tendency for the societal surplus to rise while at the same time limiting the extent to which this surplus could be 'offset' by profitable investment outlets. Keynes' theories were even adopted by militarists--but with a twist: whereas Roosevelt's work programs were designed to benefit the general population directly, military Keynesianism turned defense contractors into middlemen, administering government funds privately. In it, he discusses Bush's policy of military Keynesianism. |
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