A supporter of Keynesian economics believes it is the government's job to smooth out the bumps in business cycles. Intervention would come in the form of government spending and tax breaks in order to stimulate the economy, and government spending cuts and tax hikes in good times, in order to curb inflation.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Keynesian economics — Economics … Wikipedia
Keynesian economics — body of ideas set forth by John Maynard Keynes (Keynes, John Maynard) in his General Theory of Employment, Interest and Money (1935–36) and other works, intended to provide a theoretical basis for government full employment policies.… … Universalium
Keynesian economics — An approach to economic theory and policy derived from the influential writings of the English economist John Maynard Keynes (1883 1946). Prior to Keynes, governments tended to be guided by the argument of laissez faire economics that an… … Dictionary of sociology
Keynesian economics — demand side economics, economic theory which advocates active government intervention in order to achieve a stable economy and employment level (Economics) … English contemporary dictionary
Keynesian economics — An economic theory of British economist, John Maynard Keynes that active government intervention is necessary to ensure economic growth and stability. Bloomberg Financial Dictionary * * * Economic theories developed by John Maynard Keynes… … Financial and business terms
Keynesian economics — Econ the economic teachings and doctrines associated with John Maynard Keynes … The ultimate business dictionary
New Keynesian economics — Not to be confused with Neo Keynesian economics. Economics … Wikipedia
Neo-Keynesian economics — Not to be confused with New Keynesian economics. Economics … Wikipedia
Post-Keynesian economics — [There is semantic dispute as to whether there should be a hyphen between Post and Keynesian. The American journal of the same name does not use the hyphen despite its grammatical correctness, and the objection to its use dates back to Paul… … Wikipedia
New Keynesian Economics — The modern macroeconomic school of thought that evolved from classical Keynesian economics. This revised theory differs from classical Keynesian thinking in terms of how quickly prices and wages adjust. New Keynesian advocates maintain that… … Investment dictionary