Vocabulary Entry

keynesianism

|noun

noun

An economic theory proposed by John Maynard Keynes that advocates for active government intervention in the economy to ensure full employment and stable prices.

Example Sentences

"Keynesianism suggests that during a recession, governments should increase spending to stimulate economic growth."

"Many economists believe that Keynesianism is crucial for managing economic cycles."

"The principles of Keynesianism have influenced fiscal policy in various countries throughout the 20th century."