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The Collaborative International Dictionary
Keynesianism

Keynesianism \Keynesianism\ adj. the macroeconomic theories and politico-economic policies of British economist John Maynard Keynes (1883-1946) and his followers; -- used especially in reference to their advocacy of governmental action to maintain low unemployment through government spending. See Keynes.

Usage examples of "keynesianism".

Out of this development came the trinity that would constitute the modern welfare state: a synthesis of Taylorism in the organization of labor, Fordism in the wage regime, and Keynesianism in the macroeconomic regulation of society.

Take a look at, say, Mondale's funding in 1984: a lot of it was from fiscal conservatives who were worried about the long-term effects to their own interests of this kind of mad-dog Keynesianism, wild crazed spending, and government stimulation of the economy through borrowing that was going on through the Reagan years.