What does Keynesian Economics mean? Read on to discover the definition & meaning of the term Keynesian Economics - to help you better understand the language used in insurance policies.
Keynesian economics is an economic theory first propounded by John Maynard Keynes in the 1930s. Its central tenet is that the calculated use of government spending can increase employment and decrease economic recessions.
We hope the you have a better understanding of the meaning of Keynesian Economics.