Keynesian Economics Definition
Keynesian Economics is a school of economic thought named for its founder, the UK economist John Maynard Keynes (1883-1946). This macroeconomic theory advocates the extended usage of government interventions. These measures include monetary policy actions by the central bank and fiscal policy actions by the government to increase demand and achieve full employment and stable prices. Keynes published his theory in “The General Theory of Employment, Interest and Money”, in 1936.