Definition, Meaning & Synonyms

Keynes

Proper Noun

/keɪnz/

Definition

A reference to John Maynard Keynes, an influential British economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments.

Examples

After studying Keynes, the policymakers decided to adopt more interventionist strategies.
Keynes argued that in times of economic downturn, government spending should increase to boost demand.
His ideas influenced many governments in the mid-20th century, altering the course of economic policies worldwide.

Meaning

Keynes is often associated with the concept of Keynesian economics, which advocates for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of depression.