Keynesian theory’s popularity waned then because it had no appropriate policy response for stagflation. Monetarist economists doubted the ability of governments to regulate the business cycle with ...

Keynesian economics came at a time when the world was experiencing the Great Depression. His book The General Theory of Employment, Interest and Money, published in 1936, used the fluctuations of ...

Keynesian economics comes from economist John Maynard Keynes, author of the 1936 book "The General Theory of Employment, Interest and Money." Keynes believed the government could manage demand to ...