Keynesians
Keynesians are economists who subscribe to Keynesian economics, a school of macroeconomic thought that emphasizes the role of aggregate demand in determining output and employment in the short run. Originating with John Maynard Keynes and his The General Theory of Employment, Interest and Money (1936), Keynesians argue that economies can settle at less than full employment because demand can be insufficient to purchase all that is produced, and because prices and wages adjust slowly.
They advocate active stabilization policies to manage aggregate demand, especially fiscal policy such as government spending,
Keynesians emphasize countercyclical policy and government deficits during downturns as appropriate medicine, while acknowledging concerns about
Historically, Keynesian ideas shaped macroeconomic policy in many economies after the Great Depression and through the