John Maynard Keynes
📈 Investing
Quick Definition
John Maynard Keynes was a British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.
Examples
- 1The use of fiscal stimulus to counteract economic recessions, inspired by Keynesian economics, was evident during the 2008 global financial crisis.
- 2Keynesian economics influenced the New Deal policies in the 1930s United States, which aimed to revive the economy and reduce unemployment.
- 3During the COVID-19 pandemic, many governments implemented Keynesian-inspired economic measures, such as increased public spending and tax cuts, to mitigate economic downturns.
Tags
economicsmacroeconomicsgovernment-policyfiscal-policyKeynesian
Related Terms
Other terms you might find helpful
Economic Growth
Economic growth refers to the increase in the production of economic goods and services, compared from one period of time to another.
Fiscal Policy
Fiscal policy refers to the government's use of spending and taxation to influence the economy.
Inflation
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power.
Macroeconomics
Macroeconomics is the branch of economics that studies the behavior and performance of an economy as a whole, focusing on aggregate changes in the economy such as GDP, unemployment rates, and inflation.
Quick Info
Category:Investing
Difficulty:intermediate
Last Updated:6/19/2025