John Maynard, 1st Baron, 1883–1946, English economist and writer.
John Maynard, 1st Baron Keynes. 1883–1946, English economist. In The General Theory of Employment, Interest and Money (1936) he argued that unemployment was characteristic of an unregulated market economy and therefore to achieve a high level of employment it was necessary for governments to manipulate the overall level of demand through monetary and fiscal policies (including, when appropriate, deficit financing). He helped to found the International Monetary Fund and the World Bank
[keyn-zee-uh n] /ˈkeɪn zi ən/ adjective 1. of or relating to the economic theories, doctrines, or policies of or his followers, especially the policy of maintaining high employment and controlling inflation by varying the interest rates, tax rates, and public expenditure. noun 2. a person who maintains or supports the theories, doctrines, or policies of […]
- Keynesian economics
Keynesian economics [(kayn-zee-uhn)] Economic theories that advocate using government spending programs to increase employment. They are based on the thinking of John Maynard Keynes.
[kee-noht] /ˈkiˌnoʊt/ noun 1. Music. the or tone on which a or system of tones is founded; the tonic. 2. the main idea or central principle of a speech, program, thought, action, etc. 3. the policy line to be followed, as by a party in a political campaign, that is set forth authoritatively in advance […]
noun 1. a speech, as at a political convention, that presents important issues, principles, policies, etc.