Keynesian economics is a theory that government intervention is needed to stimulate demand and stabilize the economy, ...

Keynesian economics dominated economic theory and policy after World War II until the 1970s ... Both Keynesians and monetarists came under scrutiny with the rise of the new classical school during the ...

the U.S., the U.K., and other Western countries largely operated on the classical economics model, in which markets operated freely, and there was minimal government interference. Keynesian ...