Associations to the word «Keynesianism»

Wiktionary

KEYNESIANISM, noun. (economics) A prescriptive or normative economic stance according to which the state should actively stimulate economic growth and improve stability in the private sector through interest rates, taxation and public projects.

Dictionary definition

KEYNESIANISM, noun. The economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment.

Wise words

To use the same words is not a sufficient guarantee of understanding; one must use the same words for the same genus of inward experience; ultimately one must have one's experiences in common.
Friedrich Nietzsche