Keynesianism
Definition
Keynesianism is an economic theory that advocates for government intervention in the economy to achieve full employment and stable prices. It was developed by British economist John Maynard Keynes during the Great Depression.
Related terms
Fiscal Policy: This refers to government adjustments of its spending levels and tax rates to monitor and influence a nation's economy.
Great Depression: A severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.
Demand-side Economics: An economic theory which argues that economic growth is most effectively created by high demand for products and services.
"Keynesianism" appears in:
Subjects (1)
AP US Government
Study guides (1)
AP European History - 8.5 Global Economic Crisis: The Great Depression
Practice Questions (1)
Which economist developed the theory of Keynesianism, which emphasized government intervention to maintain economic stability?
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About Us
About Fiveable
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Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Cram Events
Merch Shop
Crisis Text Line
Help Center
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.