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Keynesianism

//ˈkeɪnziənɪz.m̩// noun

Definitions

Noun
  1. 1
    A prescriptive or normative economic stance according to which the state should actively stimulate economic growth and improve stability in the private sector through interest rates, taxation and public projects.
  2. 2
    the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment wordnet

Etymology

From Keynesian + -ism; named after John Maynard Keynes, British economist.

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