keynesian in A Sentence

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    Positive references to the Keynesian welfare state have disappeared.

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    The recession has renewed interest in Keynesian economic ideas on how to combat recessionary conditions.

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    A new approach to public finance has, however, evolved in the thirties since the Keynesian revolution in economic thought.

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    He was also essential in creating the neoclassical synthesis, which ostensibly incorporated Keynesian and neoclassical principles and still dominates current mainstream economics.

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    He was also essential in creating the Neoclassical synthesis, which incorporated Keynesian and neoclassical principles and still dominates current mainstream economics.

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    While this idea was a severe criticism of early Keynesian theories, it was gradually accepted by most Keynesians, and has been incorporated into New Keynesian economic models.

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    Keynesian economists argued that the economic system was not self-correcting with respect to deflation and that governments and central banks had to take active measures to boost demand through tax cuts or increases in government spending.

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    Yet the biggest weakness of modern Keynesian economics is it doesn't have a clear answer for how much spending is necessary in an economy, like ours, in which wages keep dropping and government debt keeps growing.

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    As a result, most governments focused their Great Recession response on the need to minimize deficit spending and cut budgets rather than try to reduce unemployment via Keynesian pump-priming, which according to the study led to disaster.

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    As shown, with very low levels of real gross domestic product and thus large amounts of unemployed resources, most economists of the Keynesian school suggest that most of the change would be in the form of output and employment increases.

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    Keynesian economics places government spending to be the most important in stimulating economic activity, so much so that even if there is no public spending on goods and services or business investments, the theory states that government spending should be able to spur economic growth.

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    The casual reader will also know that Krugman has been patting himself on the back many, many times(here's one example from April 2013) since the crisis struck, saying that his Keynesian models have performed very well, while events in Europe and the US have clearly exploded the worldviews of his pro-austerity opponents.

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