What is the meaning of Keynesian Economics?

Keynesian Economics is an economic theory originated by the British economist John Maynard Keynes and his followers. Keynes maintained that governments should use the power of the budget to maintain economic growth and stability and overcome the recessionary cycles common in most western economies.

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APABarry Goldsmith. (2010). keynesian economics. Retrieved September 29, 2026, from http://smartdefine.org/keynesian_economics/definitions/1156800
ChicagoBarry Goldsmith. 2010. "keynesian economics" http://smartdefine.org/keynesian_economics/definitions/1156800 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, keynesian economics, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/keynesian_economics/definitions/1156800>.
MLABarry Goldsmith. "keynesian economics" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/keynesian_economics/definitions/1156800>