Keynesian definition

  • adjective:
    • Of or relating to the economic theories of John Maynard Keynes, especially those ideas advocating federal government monetary and financial programs made to increase employment and stimulate business activity.
    • Of or pertaining to an economic concept based on the a few ideas of John Maynard Keynes, as put forward in his guide The General concept of Employment, Interest and Money, published in 1936 responding into Great anxiety of the 1930s, and thoroughly extended by a big body of followers before and after his demise in 1946.
    • Of or with respect to John Maynard Keynes; conforming into the ideas of Keynesianism; -- specifically, the word can be used to refer towards the macroeconomic concepts and politico-economic policies proposed by Keynes and his followers, particularly in relation to their advocacy of government activity to maintain reduced jobless through government spending. Keynes's guide “The General Theory of job, Interest, and cash” (Macmillan, 1936) had a strong impact on views of this government's role in the economy through 1970's.
    • A believer in the theories of Keynesianism.
    • of or regarding John Maynard Keynes or even his economic ideas
  • noun:
    • A supporter of Keynes's financial ideas.
    • A proponent of Keynesian financial doctrine.
    • a follower of this financial concepts of John Maynard Keynes

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