keynesian
/ˈkeɪnziən/
adjective
- Relating to the economic theories of John Maynard Keynes, especially the idea that government spending and tax policies should be used to manage demand and stabilize the economy.
- Many economists debate whether Keynesian stimulus is effective in a global economy.
- The government adopted Keynesian policies to reduce unemployment during the recession.
- Her textbook explains Keynesian principles like the multiplier effect.
Antonyms
noun
- A person who supports or follows the economic theories of John Maynard Keynes.
- As a Keynesian, she believes that government intervention can help prevent economic crises.
- He is a well-known Keynesian who writes about fiscal policy.
- The debate between a Keynesian and a monetarist can get very technical.