Keynesian economics (pronounced /kenzin/ also called Keynesianism and Keynesian theory) is a macroeconomic theory based on the ideas of 20th century British economist John Maynard Keynes. Keynesian economics argues that private ...
Some Keynesians look at a contractionary episode - the Great Depression or the recent recession - and cannot see anything other than Keynesian economics to explain it. The fundamentals in 1933 looked about the same is in 1929 ...
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