Keynesianism

noun

Keynes·​ian·​ism ˈkān-zē-ə-ˌni-zəm How to pronounce Keynesianism (audio)
: the economic theories and programs ascribed to John M. Keynes and his followers
specifically : the advocacy of monetary and fiscal programs by government to increase employment and spending
Keynesian noun or adjective

Examples of Keynesianism in a Sentence

Recent Examples on the Web
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Only Keynesians ascribe an ability of governments to increase demand, but that’s to the everlasting discredit of Keynesianism. John Tamny, Forbes, 13 Oct. 2024 Elliott also tried to sign up Friedman, a conservative libertarian at the University of Chicago who was an outsider to the Keynesianism that dominated midcentury economic thinking in the United States. Felicia Wong, Foreign Affairs, 19 Oct. 2021 Tougher federal spending caps are needed, but sadly any new restraints would probably be undermined by the twin fiscal evils of Keynesianism and autopilot entitlements. Chris Edwards, National Review, 18 Dec. 2023 But even those scant mentions committed the Democratic Party to a postwar program of economic Keynesianism. Michael Tomasky, The New Republic, 5 Sep. 2023 Several of Jimmy Carter’s pet policy plans—a consumer agency, national health insurance, a federal jobs guarantee—bore the imprint of this residual Keynesianism, but none of them came to fruition. Aaron Timms, The New Republic, 31 Oct. 2022 This is a pro-growth agenda that is very different than the tax-and spend Keynesianism that has dominated the West’s economic policies for nearly two decades. The Editorial Board, WSJ, 23 Sep. 2022

Word History

First Known Use

1942, in the meaning defined above

Time Traveler
The first known use of Keynesianism was in 1942

Dictionary Entries Near Keynesianism

Cite this Entry

“Keynesianism.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Keynesianism. Accessed 30 Nov. 2024.

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