Economics

Keynesian Economics

Keynesian Economics

Keynesian economics is an economic theory associated with total spending in the economy and its outcomes on output and inflation. Keynesian economics got its start by the British isles economist John Maynard Keynes through the 1930s so as to understand the Wonderful Depression. Keynes advocated enhanced government expenditures and lower taxes to help stimulate demand and pull the global economy out of the Depression.