Economics Glossary: K - FreeEconHelp.com, Learning Economics... Solved!

4/10/12

Economics Glossary: K


Keynesian economics – The belief that the market economy is naturally unstable and needs government intervention to achieve full employment and long term economic growth.  Started by John Maynard Keynes in response to the great depression and is still one of the most popular macroeconomic schools of thought in competition with classical economics.

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