Words similar to keynesian
Example sentences for: keynesian
How can you use “keynesian” in a sentence? Here are some example sentences to help you improve your vocabulary:
So-called "new Keynesian" economists provided at least a theoretical fig leaf for more or less Keynesian ideas, and in practical terms the intellectual basis of modern U.S. monetary and fiscal policy is pretty much what was already in the textbooks 20 years ago.
To understand the nature of this challenge, you need to realize that although the name of John Maynard Keynes is anathema to many conservatives, it was in fact Keynesian economics that allowed capitalism as a system--as well as belief in the efficacy of free markets--to survive the Great Depression.
(I remember one famous anti-Keynesian, challenged during an early '80s conference to explain how his model could be reconciled with the savage recession then gripping the United States, snapping "I'm not interested in the latest residual"--i.e.
But Keynesian economics--by which I mean not so much the specifics of Keynes' ideas as the understanding that monetary and fiscal policy could be used to fight economic slumps--rescued both capitalism and microeconomics from oblivion.
Whereas Samuelson's text, now in its 15 th edition, staunchly advocates Keynesian prescriptions, Mankiw's is touted as post-ideological, pitting rival schools of thought against each other.