DEFINITION of 'Keynesian Economics'. An economic theory of total spending in the economy and its effects on output and inflation.Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.Keynes advocated increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the Depression.eynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.
Synonyms of filter: sieve, mesh, gauze, strainer, membrane | Collins English Thesaurus English Thesaurus | Dictionary | Translator | Grammar | Scrabble | Blog English
eÂ·limâ²iÂ·naâ²tor n. Synonyms: eliminate, eradicate, extirpate. These verbs mean to nullify someone as a factor or cause an activity or condition to come to an end, especially by using drastic methods: eliminated all opposition; eradicate guerrilla activity; policies that attempt to extirpate drug abuse.