1) Economic theory 1) Neweconomics 
Keynesianism is an approach to macroeconomics based on the work of John Keynes. Failures of co-ordination between markets, even if these are internally efficient, may generate recession and mass unemployment. For example, unemployed workers may be unable to find jobs because there is no demand for the goods they produce although these same workers ...
[n] - the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment
noun the economic theories of John Maynard Keynes who advocated government monetary and fiscal programs intended to stimulate business activity and increase employment