Keynesianism

Keynesianism
The school of macroeconomic thought based on the ideas of John Maynard Keynes as published in his 1936 book The General Theory of Employment, Interest, and money.

Keynesianism
Keynes - John Maynard
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In 1930, when Keynesianism was starting to take over in Britain, Robbins was the only member of the five-man Economic Advisory Council to oppose import restrictions and public works expenditures as a means of alleviating the depression.

Keynesian economics, also called Keynesianism, is named for economist John Maynard Keynes. His 1936 book "General Theory of Employment, Interest, and Money" explored the principles of Keynesian economics.

economics, such as Canto, argue that this is because of insufficient fiscal discipline - where as critics, such as Solow of MIT and Friedman of the University of Chicago, argue that supply-side economics is garden variety "vulgar Keynesianism", ...

Neo-Keynesianism waned and was replaced by a new generation of models that made up New Keynesian economics, which developed partly in response to new classical economics.

See also: Keynesian, Macroeconomics, Supply-side economics, Microeconomics, Debt service