| 单词 | Keynesian |
| 释义 | Keynesian A view of the economy modelled on that of John Maynard (Lord) Keynes, or an economist holding such views. The Keynesian view of a capitalist economy is that it has the capacity to remain for long periods in a short-term equilibrium involving substantially lower output than would be consistent with full employment. While the economy is in this state output is to a large extent demand-determined, and the level of output can be affected by monetary and fiscal policies. This view of the economy is contrasted with the view, sometimes called ‘classical’ or ‘neoclassical’, that the economy has a tendency towards a natural level of activity, so that the main role for economic policy is promoting growth from the supply side, for example by encouraging savings and enforcing competition in markets. Critics of the Keynesian position urge that, by trying to expand output by demand management when what is needed is supply-side policy, Keynesian policies, however laudable their motivation, in fact tend to promote inflation. |
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