Keynesian economics

British economist (1883–1946)

group of macroeconomic theories

Islm

British economist (1911–1977)

book by John Maynard Keynes

economics concept

school of economic thought

economic paradox that an increase in autonomous saving decreases aggregate demand and thus gross output, which will in turn lower total saving

Keynesian macroeconomic model that explains price level and output through the relationship of aggregate demand and aggregate supply

thumb|John Maynard Keynes

Dirigisme (), or dirigism (), refers to an economic system in which the state takes an active and directive role in shaping and guiding the economy, rather than limiting itself to a purely regulatory or hands-off approach within a market economy. As an economic doctrine, dirigisme stands in contrast to laissez-faire, highlighting the constructive role of market intervention in addressing inefficiencies and market failures. Dirigiste policies typically include indicative planning, state-guided investment, and the strategic use of market instruments such as taxes and subsidies to encourage econo

concept in economics

demand in a constrained marketplace

diagram in Keynesian economics that plots aggregate income (labeled as Y on the horizontal axis) and planned total spending (labeled as AD on the vertical axis)

postwar academic movement in economics

spending in excess of revenue

inertia of prices in economics

financial plan where revenues equal expenses

factors that influence human behavior

the demand for money, considered as liquidity

attempt to use monetary or fiscal policy to stimulate the economy

economic concept

the ratio of the change in aggregate demand to the change in government spending that caused it

economic theory

economic theory

economic policy where the government raises military spending to boost economic growth

Underconsumption is a theory in economics that recessions and stagnation arise from an inadequate consumer demand, relative to the amount produced. In other words, there is a problem of overproduction and overinvestment during a demand crisis. The theory formed the basis for the development of Keynesian economics and the theory of aggregate demand after the 1930s.

economics theory

Economic model

period in British political history, 1945 to 1970s

Italian economist (1914-1987)

effect in economics

Schools of economic thought in Birmingham, England, the United Kingdom

economic model

economic model

concept in Keynesian economics

book by George Akerlof

great Recession-era revival of interest in aggregate demand-side economics

group of young Cambridge economists closely associated with John Maynard Keynes