Concept information
Preferred term
Keynesianism
Definition
- Keynesianism is an economic theory based on the works of the Cambridge economist John Maynard Keynes (1883–1946) that argues state intervention in a market economy is both desirable and necessary to avoid destabilizing levels of social unrest and high unemployment. Constructed in response to the economic and political difficulties of the 1920s and 1930s, Keynesianism reached the height of its influence during the post–World War II period, accompanying the emergence of social democracy in many Western capitalist nations. [Source: Encyclopedia of Governance; Keynesianism]
Broader concept
Entry terms
- Keynesian economics
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/Keynesianism
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}