Keynesian School: Difference between revisions
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{{Ideology
|themecolor=105bb0
|textcolor=b8c1cd
|title=[[File:Keynes.png]] Keynesian School
|image=Keynesianism-Pog.png
|caption="Me Tutore Tutus Eris"
(With me as leader you will be safe)
|aliases={{Collapse|
[[File:Keynes.png]] Keynesianism<br>
[[File:Keynes.png]] John Maynard Keynes Thought<br>
Post-Great Depression Capitalism<br>
Centrism of Economics<br>
Economic Centrism<br>
{{Alias|Keynes.png|{{PAGENAME}}|[[File:LibSocKey.png]] Liberal Socialism}}<br>
{{Alias|Misestard.png|Austrian School|[[File:Commie.png]] Communism}}<br>
<s>Armchair Social Liberalism</s>
}}
|alignments=
[[File:Centrist-yellow.png|link=:Category:Centrists]] [[:Category:Centrists|{{Color|#C0C0C0|'''Center'''}}]] to [[File:CLeft.png|link=:Category:Centrists]] [[:Category:Centrists|{{Color|#C0C0C0|'''Center-'''}}]][[:Category:Left_Unity|{{Color|#F9BABA|'''Le'''}}{{Color|#C9E5BD|'''ft'''}}]]<br>
{{info|Capitalists}}<br>
{{info|Liberals}}<br>
{{info|Socialists}} (Self-proclaimed)<br>
{{info|Welfarists}}<br>
[[File:L-lib.png|link=Left-Liberalism (Disambiguation)]] [[Left-Liberalism (Disambiguation)|{{Color|#F9BABA|'''Left-'''}}{{Color|#C9E5BD|'''Wing'''}} {{Color|#006AA7|'''Liberals'''}}]]<br>
|likes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
When the government goes SPENDDDDD<br>
When the money printer goes BRRRRRRRR<br>
Bricking Windows<br>
Digging holes and filling them up<br>
Spending money (in times of crisis)<br>
[[File:FDRismF.png]] The New Deal<br>
[[File:Central_bank.png]] The Central Bank
</div>
|dislikes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
Saving money<br>
[[File:GoldStandard.png]] The Gold Standard<br>
[[File:Austrobert.png]] Austrian Economists
</div>
|theorists=
[[File:Cball-Commonwealth.png]] '''Commonwealth Realm''' {{Collapse|
*[[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]] (1883-1946) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:ClementAttlee.png]] [[Democratic Socialism|Clement Attlee]] (1883-1967) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:OswaldMosley.png]] [[British Fascism|Oswald Mosley]] (1896-1980) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:Brownism.png]] [[Third Way|Gordon Brown]] (1951-) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:ALP.png]] [[Social Democracy|Kevin Rudd]] (1957-) [[File:Cball-Australia.png]] {{PBW|Australiaball|Australia}}
}}
[[File:PanAmer.png]] '''Americas''' {{Collapse|
*[[File:FDRismF.png]] [[Social Liberalism|Franklin D. Roosevelt]] (1882-1945) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Truman.png]] [[Social Liberalism|Harry S. Truman]] (1884-1972) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Long.png]] [[Longism|Huey Long]] (1893-1935) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:JuanPeron.png]] [[Peronism|Juan Perón]] (1895-1974) [[File:Argentina.png]] {{PBW|Argentinaball|Argentina}}
*[[File:Lyndon B. Johnson.png]] [[Social Liberalism|Lyndon B. Johnson]] (1908-1973) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Friedman.png]] [[Chicago School|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] USA (Later On)
*[[File:NuKeynesPix.png]] [[Social Liberalism|Paul Samuelson]] (1915-2009) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Leigh.png]] [[Authoritarian Conservatism|Gustavo Leigh]] (1920-1999) [[File:Cball-Chile.png]] {{PBW|Chileball|Chile}}
*[[File:Auth3Way.png]] [[Social Authoritarianism|Carlos Andrés Pérez]] (1922-2010) [[File:Cball-Venezuela.png]] {{PBW|Venezuelaball|Venezuela}}
*[[File:BrazilPRONA.png]] [[Welfare Chauvinism|Enéas Carneiro]] (1938-2007) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil}}
*[[File:NuKeynesPix.png]] [[Social Georgism|Joseph Stiglitz]] (1943-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Lula.png]] [[Socialism of the 21st Century|Luiz Inácio Lula da Silva]] (1945-) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil}}
*[[File:Newkeynes.png]] [[Neoliberalism|Paulo Guedes]] (1949-) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil}}
*[[File:Newkeynes.png]] [[Social Liberalism|Paul Krugman]] (1953-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Newkeynes.png]] [[Monetarism|Ben Bernanke]] (1953-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Newkeynes.png]] [[Neoliberalism|Lawrence Summers]] (1954-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Klep.png]] [[Kleptocracy|Rod Blagojevich]] (1956-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Obamium.png]] [[Third Way|Barack Obama]] (1961-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Postkeynes.png]] [[Left-Wing Populism|Stephanie Kelton]] (1969-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[file:GW.png]] [[Social Liberalism|Gretchen Whitmer]] (1971-) [[file:Cball-US.png]] {{PBW|USAball|USA}}
}}
[[File:Cball-EU.png]] '''Europe''' {{Collapse|
*[[File:SwedenSocDem.png]] [[Guild Socialism|Ernst Wigforss]] (1881-1977) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:Mussolini.png]] [[Fascism|Benito Mussolini]] (1883-1945) [[File:Cball-King-Italy.png]] {{PBW|Italyball|Italy}}
*[[File:SwedenSocDem.png]] [[Nordic Model|Per Albin Hansson]] (1885-1946) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:DeGaulle.png]] [[Gaullism|Charles de Gaulle]] (1890-1970) [[File:Cball-France.png]] {{PBW|Franceball|France}}
*[[File:Kalecki.png]] [[Neo-Marxism|Michał Kalecki]] (1899-1970) [[File:Cball-Poland.png]] {{PBW|Polandball|Poland}}
*[[File:Popolar.png]] [[Paternalistic Conservatism|Aldo Moro]] (1916-1978) [[File:Cball-Italy.png]] {{PBW|Italyball|Italy}}
*[[File:Mitterrand.png]] [[Social Democracy|François Mitterrand]] (1916-1996) [[File:Cball-France.png]] {{PBW|Franceball|France}}
*[[File:GerSPD.png]] [[Social Democracy|Helmut Schmidt]] (1918-2015) [[File:Cball-Germany.png]] {{PBW|Germanyball|Germany}}
*[[File:OlofPalme.png]] [[Left-Wing Populism|Olof Palme]] (1927-1986) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:Balcerowicz.png]] [[Neoliberalism|Leszek Balcerowicz]] (1947-) [[File:Cball-Poland.png]] {{PBW|Polandball|Poland}}
*[[File:Socdem.png]] [[Social Democracy|Thomas Piketty]] (1971-) [[File:Cball-France.png]] {{PBW|Franceball|France}}
}}
[[File:PanAsian.png]] '''Asia''' {{Collapse|
*[[File:ParkChungHee.png]] [[Ilminism|Park Chung-hee]] (1917-1979) [[File:Cball-South Korea.png]] {{PBW|South Koreaball|South Korea}}
*[[File:ZhuRongji.png]] [[Dengism|Zhu Rongji]] (1928-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:Hujintao.png]] [[Dengism|Hu Jintao]] (1942-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:Thaksin.png]] [[Social Authoritarianism|Thaksin Shinawatra]] (1949-) [[File:Thailand.png]] {{PBW|Thailandball|Thailand}}
*[[File:BoXilai.png]] [[Dengism|Bo]] [[Social Authoritarianism|Xilai]] (1949-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:NajibRazak.png]] [[Neoliberalism|Najib Razak]] (1953-) [[File:Cball-Malaysia.png]] {{PBW|Malaysiaball|Malaysia}}
*[[File:DemocraticPartyKorea.png]] [[Social Liberalism|Moon Jae-in]] (1953-) [[File:Cball-South Korea.png]] {{PBW|South Koreaball|South Korea}}
*[[File:ShinzoAbe.png]] [[National Conservatism|Shinzo Abe]] (1954-2022) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
*[[File:Newkeynes.png]] [[Reactionary Liberalism|Yōichi Takahashi]] (1955-) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
*[[File:Kochikai.png]] [[Paternalistic Conservatism|Fumio Kishida]] (1957-) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
}}
|examples=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
*[[File:Cball-Sweden.png]] [[Nordic Model|Stockholm School]]
*[[File:Cball-England.png]] [[Social Liberalism|Cambridge University]]
*[[File:Cball-US.png]] [[Social Liberalism|United States]] (1933-1969)
*[[File:Cball-UK.png]] [[Social Democracy|United]] [[One-Nation Conservatism|Kingdom]] (1945-1976)
*[[File:Cball-Japan.png]] [[Reactionary Liberalism|Japan]] (1945-)
*[[File:Cball-Poland.png]] [[Paternalistic Conservatism|Poland]] (2015-)
</div>
|song=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[https://youtu.be/d0nERTFo-Sk Keynes vs. Hayek - Rap Battle]<br>
[https://youtu.be/GTQnarzmTOc Keynes vs. Hayek - Rap Battle Round Two]<br>
[https://youtu.be/34CZjsEI1yU WIND ROSE - Diggy Diggy Hole]<br>
[https://youtu.be/7ftQv5RQJH0 Window - Fiona Apple]
</div>
|sub=
[[File:Keynes.png]] '''John Maynard Keynes Thought''' {{Collapse|
*[[File:Anticommunism.png]] {{PCBA|Anti-Communism}}
*[[File:Anti-Semitic.png]] {{PCBA|Anti-Semitism}} (Accused)
*[[File:Eugen.png]] [[Eugenicism]]
*[[File:Fem.png]] [[Feminism]]
*[[File:Gay.png]] [[:Category:LGBT|Gay Rights Advocacy]]
*[[File:Hayek.png]] [[Hayekism]] (Sympathetic)
*[[File:HumanisticCapitalism.png]] [[Social Capitalism|Humanistic Capitalism]]
*[[File:LibSocKey.png]] [[Liberal Socialism]] (Self-Proclaimed)
*[[File:FairTradeProtectionism.png]] [[Protectionism]] (Formerly opposed, later on)
*[[File:Realism.png]] [[Machiavellianism|Realism]]
*[[File:Secular.png]] [[Secularism]]
*[[File:SocCred.png]] [[Social Credit]] (Sympathetic)
*[[File:Socdem.png]] [[Social Democracy]]
*[[File:Soclib.png]] [[Social Liberalism]]
*[[File:Neotech.png]] [[Technoliberalism]]
*[[File:LibZion.png]] [[Zionism]] (Initially, later opposed)<ref>Keynes did express some views related to Zionism during his lifetime, but his stance on the issue was complex and evolved over time. In his earlier writings, Keynes was generally sympathetic to the Zionist movement and supported the idea of a Jewish homeland in Palestine. He even participated in the drafting of the Balfour Declaration in 1917, which expressed British support for the establishment of a "national home for the Jewish people" in Palestine.
However, as time went on, Keynes became more critical of some aspects of the Zionist movement and British policies in Palestine. He raised concerns about the potential impact of Jewish immigration on the Arab population and the stability of the region. His views on the matter were nuanced and evolved in response to changing political and social dynamics in the Middle East.</ref>
}}
|school =
[[File:NuKeynesPix.png]] '''Neo-Keynesianism''' {{Collapse|
*[[File:Neoclassical.png]] [[Chicago School|Neo-Classical Economics]]
}}
[[File:Newkeynes.png]] '''New Keynesianism''' {{Collapse|
*[[File:Chilib.png]] [[Chicago School]]
*[[File:Georgist.png]] [[Georgism]] (Some)
*[[File:Monet.png]] [[Monetarism]]
*[[File:Neoliberal-icon.png]] [[Neoliberalism]]
}}
[[File:Postkeynes.png]] '''Post-Keynesianism''' {{Collapse|
*[[File:Kalecki.png]] [[Neo-Marxism|Kaleckianism]]
*[[File:Neoricardosoc.png]] [[Ricardian Socialism|Neo-Ricardianism]]
}}
|influences=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[[File:Regulationism.png]] [[Regulationism]]<br>
[[File:
[[File:
[[File:Soclib.png]] [[Social Liberalism]]<br>
[[File:Technocracy.png]] [[Technocracy]]<br>
[[File:Welf.png]] [[Welfarism]] (Usually)<br>
</div>
|influenced=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[[File:Chilib.png]] [[Chicago School]]<br>
[[File:Guterres.png]] [[Globalism|Guterresism]]<br>
[[File:LDP(Japan).png]] [[Reactionary Liberalism|Japan LDPism]]<br>
[[File:Corptism.png]] [[Corporatism]]<br>
[[File:Socdem.png]] [[Social Democracy]]<br>
[[File:NajibRazak.png]] [[Neoliberalism|Najibnomics]] (Some)<br>
[[File:Neoliberal-icon.png]] [[Neoliberalism]]<br>
[[File:Thaksin.png]] [[Social Authoritarianism|Thaksinism]]
</div>
}}
{{Quote|
quote="The difficulty lies, not in the new ideas, but in escaping from the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds."
|speaker=[[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]]
}}
The '''Keynesian School''' is an economically centrist ideology, whose general economic theory was pretty popular back in the day and still is in most of western countries and [[File:Cball-Japan.png]] Japan. He believes that the state should [[File:Regulationism.png]] [[Regulationism|intervene]] in the economy to level out the economic cycle so businesses can make long-term investments and allow for long-run growth. He plans to do this by lowering taxes, lowering interest rates, and increasing spending when the economy busts, but also by cutting spending, raising interest rates, and raising taxes during economic booms.
==History==
Keynesian economics was developed by the British economist John Maynard Keynes during the 1930s in an attempt to understand the Great Depression.
==Variants==
===[[File:NuKeynesPix.png]] Neo-
The '''Neo-Keynesian Economic Theory''' is an economically centrist economic system, whose general economic theory is derived from the Neo-Classical economic thought in a mix with Keynesian economics.
A group of economists sought to synthesize the work of Keynes with numerous aspects of the neoclassical economic orthodoxy, this came to be known as the Neoclassical synthesis. This framework largely retained neoclassical analysis with regards to microeconomics and analysis on the level of the individual and/or the firm, while incorporating Keynesian analysis with regards to macroeconomics. This school of thought was dominant from the 1950s to the 1970s. Neo-Keynesianism fell out of favor due to the stagflation of the 1970s and the work of monetarists such as [[File:Friedman.png]] [[Chicago School|Milton Friedman]].
The two most prominent economic models with roots in Neo-Keynesian thought are:
*[
*[
===[[File:
The '''New Keynesian Economic Theory''' is a macroeconomic school of thought that strives to provide more consistent micro-foundations to the Keynesian economic theory in response to sustained attacks from [[File:Neoclassical.png]] [[Chicago School|Neo-Classical economists]].
Like the Neo-Keynesian economic theory, the New Keynesian economic theory is Keynesian in the short run but neoclassical in the long run.
However, unlike the neoclassical synthesis, the New Keynesian economic Theory attempts to provide theoretical explanations for a variety of market failures, mainly through Microeconomic Foundations and [[w:Rational expectations|Rational Exceptions]]
* [[w:Menu_cost|Menu costs]]: The restaurants can print out new menus in response to their price changes, hence the name. However, menu cost is actually the cost of firms adjusting their nominal prices. The burden causes businesses to change prices slowly rather than continuously. The macroeconomic effect of changing a single firm's price on the demand of all products is called the "aggregate-demand externality."
* [[w:Calvo_(staggered)_contracts|The staggering of prices]]: According to New Keynesians, enterprises don't set prices at the exact same time. Each one cares about its price relative to the ones charged by other firms. As a result, the prices are sluggish because no firms want to be the first to increase its price significantly.
* [[w:Coordination_failure_(economics)|Coordination failure]]: In the real world, the number of businesses is very large, so it's hard to predict what others may do after the adjustment of the money supply. The failure of businesses to coordinate the changes in prices is a possible explanation for recessions.
* [[w:Efficiency_wage|Efficiency wages]]: Markets may fail to clear due to the tendency for employers to pay above equilibrium wages. Abnormally high wages cause existing workers to be more productive and thus less likely to switch to a new job.
Moreover, the New Keynesian economic theory has two models that don't appear in the last iteration of the Keynesian Scool:
* '''New Keynesian DSGE model:''' Enterprises and households are assumed to have rational expectation, but prices are set by monopolistically competitive firms and can't shift quickly or without cost.
* '''New Keynesian Phillips Curve:''' Like an expectations-augmented Phillips curve, it implies that the trade-off between unemployment and inflation is only applicable in the short run.
===[[File:Postkeynes.png]] Post-Keynesian Economic Theory===
The '''Post-Keynesian Economic Theory''' is a more left-wing current of economic thought developed from the 1930s in England and the United States, where it is currently most present, which presents itself as the closest current to Keynes' ideas. It takes the most radical views of Keynes, who throughout his life has moved further and further away from [[File:Neoclassical.png]] neoclassicals. As such, the Post-Keynesian economic theory takes a position radically opposed to that of neoclassical economics by emphasizing the following points:
* A realistic and non-instrumentalist epistemology. The assumptions made by post-Keynesians must correspond to reality; they do not have a simple predictive function.
* A holistic and non-individualistic approach, for example, the possibility of an autonomous macroeconomics compared to the microeconomics, and an area of analysis and reflection specific to macroeconomics.
* Giving up on the assumptions of absolute or even limited rationality of agents.
* Considering the problem of scarcity in the economy as secondary; and placing the problems of production, reproduction, growth, and
*
* Inflation is analyzed from a cost
===[[File:
WIP
===[[File:Cball-Sweden.png]] Stockholm School===
WIP
==Tenets==
Keynesian economics is considered a "demand-side" theory that focuses on changes in the economy over the short run. Keynes’s theory was the first to sharply separate the study of economic behavior and markets based on individual incentives from the study of broad national economic aggregate variables and constructs.
Based on his theory, Keynes advocated for increased government expenditures and lower taxes to stimulate demand and pull the global economy out of the depression. Subsequently, Keynesian economics was used to refer to the concept that optimal economic performance could be achieved—and economic slumps prevented—by influencing aggregate demand through activist stabilization and economic intervention policies by the government.
[[File:John-Maynard-Keynes-Next-To-Wife.jpg|thumb|John Maynard Keynes photographed next to his wife, Lydia.]]
Keynesian economics represented a new way of looking at spending, output, and inflation. Previously, what Keynes dubbed classical economic thinking held that cyclical swings in employment and economic output create profit opportunities that individuals and entrepreneurs would have the incentive to pursue, and in so doing correct the imbalances in the economy. According to Keynes’s construction of this so-called classical theory, if aggregate demand in the economy fell, the resulting weakness in production and jobs would precipitate a decline in prices and wages. A lower level of inflation and wages would induce employers to make capital investments and employ more people, stimulating employment and restoring economic growth. Keynes believed that the depth and persistence of the Great Depression, however, severely tested this hypothesis.
In his book, The General Theory of Employment, Interest, and Money and other works, Keynes argued against his construction of classical theory, that during recessions business pessimism and certain characteristics of the market economies would exacerbate economic weakness and cause aggregate demand to plunge further.
For example, Keynesian economics disputes the notion held by some economists that lower wages can restore full employment because labor demand curves slope downward like any other normal demand curve. Instead, he argued that employers will not add employees to produce goods that cannot be sold because demand for their products is weak. Similarly, poor business conditions may cause companies to reduce capital investment, rather than take advantage of lower prices to invest in new plants and equipment. This would also have the effect of reducing overall expenditures and employment.
==Personality==
===Stylistic Notes===
*He likes to break other people's windows.
*Likes to
*Big consoomer
*<s>Likes to have gay sex
==
The ball design is based on the Coat of Arms of John Maynard Keynes (Specifically the Escutcheon, a.k.a. the Shield)
{{COA|Keynes_COA.svg}}
#Draw a ball
#Fill it with blue
#Draw three grey diagonal lines (two thin with one thick in the middle) from top left to bottom right
#Draw two fleur-de-lis symbols in the bottom left and top right with the same color
#
And you're done.
{{Flag-auto
|c1 = Blue
Line 81 ⟶ 253:
==Relationships==
===Friends===
*[[File:Regulationism.png]] [[Regulationism]] - I'm literally the same as him, but with more specific end goals and more precise rhetoric from some British chap named John!
*[[File:Bankocracy.png]] [[Financialism]] - We need a strong central bank.
*[[File:Indust.png]] [[Industrialism]] - I helped him grow after WW2.
*[[File:Soclib.png]] [[Social Liberalism]] - He's a good student who tends to agree with me on civil liberties. Just would like to see him go a bit further when it comes to economic interventionism.
*[[File:
*[[File:Patcon.png]] [[Paternalistic Conservatism]] - You listened to my arguments and not [[File:Fiscon.png]] [[Fiscal Conservatism|his]], smart move.
*[[File:CLPop.png]] [[Left-Wing Populism|Center-Left Populism]] - Yes! We can afford everything, definitely! <s>Those corporate bailouts are necessary though</s>
*[[File:necon.png]] [[Neoconservatism]] - Military spending is a great way to help the economy!
*[[File:Libhawk.png]] [[Neoconservatism|Liberal Hawkism]] - A militarist social liberal? Even better.
*[[File:ProgHawk.png]] [[Third_Way#Neoprogressive_Hawk|Neoprogressive Hawkism]] - Couldn't care less for social progress but the welfare and military spending are nice
*[[File:MilSoc.png]] [[Social_Democracy#Militant_Social_Democracy|Militant Social Democracy]] - A militarist social democrat? How do these consistently become better and better?
*[[File:Georgist.png]] [[Georgism]] - Both Stiglitz and Krugman like your idea of a Land Value Tax. Not sure it should replace all other taxes though.
===Frenemies===
*[[File:NuKeynesPix.png]] [[Keynesian School#Neo-Keynesian Economic Theory|Neo-Keynesianism]] - You are my son and I love you but quit hanging out with those [[File:Neoclassical.png]] [[Classical Liberalism|neoclassicals]]!
*[[File:Neoliberal-icon.png]] [[Neoliberalism]] - I like you depending on your mood, my dear son. <s>Though I'm still a bit pissed at how much you tried to undo my work even though I became a failure over time</s>
*[[File:Chilib.png]] [[Chicago School]] - While I mostly disagree with him on Fiscal vs Monetary Policy, we both support Central Banking, Fiat Currency and Capitalism. Just wish you'd open up to Government Spending more...
*[[File:Hayek.png]] [[Hayekism]] - ''"In the long term"'' we'll all be dead.
*[[File:Socliber.png]] [[Social Libertarianism]] - I don't think you understand the business cycle, but at least you're fine with the FED.
*[[File:Protect.png]] [[Protectionism]] - Protectionism is good but cant you import a bit more things?
*[[File:Merc.png]] [[Mercantilism]] - I learned a lot from him, but he's a bit too blunt when it comes to violence.
*[[File:corptism.png]] [[Corporatism]] - I took many ideas from you, but your idea of abolishing democracy is preposterous.
*[[File:Demsocstar.png]] [[Democratic Socialism]] - Normally a good ally, can get carried away at times though.
*[[File:Synd.png]] [[Syndicalism]] - Stop complaining about wages already! Go on welfare you lazy, good-for-nothing commies! <s>You know what? That was a bit too harsh of me,</s> I'll let your unions strike, as long as you are not being violent.
===Enemies===
*[[File:
*[[File:Minarchist.png]] [[Minarchism]] - This simpleton doesn't like it when the machine goes BRRRR. And for the last time, I'm not a goddamn socialist just because I like government spending. Please understand already that socialism is not about the government doing things.
*[[File:Ancapf.png]] [[Anarcho-Capitalism]] - Oh Christ...
*[[File:
*[[File:Commie.png]] [[Communism (Disambiguation)|Communism]] - I am not a communist. On the contrary, my methods are the only way to stop communists!
*[[File:Bernst.png]] [[Reformist Marxism]] - My old rival in the [[File:UKLab.png]] Labour party!
* [[File:Illeg.png]] [[Illegalism]] - Anti-economy, hates state monopolies and order? Nightmare!
==
===Portraits===
<gallery widths="185">
Keynesssss.png
</gallery>
====Alternative designs====
<gallery widths="185">
Neo-Keynesianism-1.png|Neo-Keynesianism
Nukeynes COA.svg|Neo-Keynesian School COA
</gallery>
==
<gallery mode="slideshow">
Bruno-Radical-BrokenWindow.png|Credit: u/bruno-radical, [https://www.reddit.com/r/Polcompball/comments/gqr2lh/broken_wndown_fallacy/ Source]
DengKeynes.png|Credit: [[File:Ktech-icon.png]] [[User:Konlord 44|K-Tech]], [https://www.reddit.com/r/Polcompball/comments/g8yfxc/fuck_it_one_struggle/ Source]
LARPchain.png|Credit: [[File:Ktech-icon.png]] [[User:Konlord 44|K-Tech]], [https://www.reddit.com/r/Polcompball/comments/iel6dk/it_was_always_larping/ Source]
Based and Jedpilled-Korwin.png|Credit: [[File:Mondistli.png]] [[User:Based and Jedpilled|Based and Jedpilled]], [https://www.reddit.com/r/Polcompball/comments/j6gtbj/silly_anarkiddie_sending_gays_to_the_gulag_was/ Source]
8dhgiy51shu51.png|u/airpods_gang420 [https://www.reddit.com/r/Polcompball/comments/jfip9n/neolib_has_a_bit_of_a_panic_attack/ Source]
Bruno-Radical-70s.png|Credit: [[Community:Bruno-radical|bruno-radical]]
Legend2T-9x9.png|Credit: [[File:Colmin.png]][[User:TheLegend2T|TheLegend2T]], [https://www.reddit.com/r/Polcompballanarchy/comments/mqcr2d/the_9x9_compass_of_famous_people/ Source]
Stretchedcappie.png
</gallery>
==Further Information==
===Literature===
*[https://www.files.ethz.ch/isn/125515/1366_KeynesTheoryofEmployment.pdf The General Theory of Employment, Interest and Money] by [[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]]
*[https://www.
*[
*[https://www.amazon.com
*[https://www.amazon.com
*[https://
*[https://www.questia.com/library/economics-and-business/economics/schools-of-economics/keynesian-economics Questia List]
===
*[[File:Keynes.png]] [[w:Keynesian_economics|Keynesian Economics]]
*[[File:NuKeynesPix.png]] [[w:Neoclassical_synthesis|Neo-Keynesianism]]
*[[File:Newkeynes.png]] [[w:New_Keynesian_economics|New Keynesianism]]
*[[File:Postkeynes.png]] [[w:Post-Keynesian_economics|Post-Keynesian economics]]
*[
*[[w:Keynesian_cross|Keynesian Cross]]
*[[w:Keynes%27s_theory_of_wages_and_prices|Keynes' theory of wages and prices]]
*[[w:Keynesian_beauty_contest|Keynesian beauty contest]]
*[[w:Keynesian_Revolution|Keynesian Revolution]]
*[[w:2008-2009_Keynesian_resurgence|2008-2009 Keynesian resurgence]]
*[
====People====
*[[File:Keynes.png]] [[w:John_Maynard_Keynes|John Maynard Keynes]]
*[[File:NuKeynesPix.png]] [[w:Lawrence Klein|Lawrence Klein]]
*[[File:
*
*
*
*
*[[File:Newkeynes.png]] [[
*[[File:
*[[File:
*[[File:
*
===Videos===
*[https://www.youtube.com/watch?v=d0nERTFo-Sk Fear the Boom and Bust: Keynes vs. Hayek - The Original Economics Rap Battle] and [https://www.youtube.com/watch?v=GTQnarzmTOc Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two] by [https://www.youtube.com/c/EmergentOrder Emergent Order]
==
*[http://socialdemocracy21stcentury.blogspot.com/2010/07/three-varieties-of-keynesianism.html Neoclassical Synthesis Keynesianism, New Keynesianism and Post Keynesianism: A Review]
===Notes===
{{Reflist|group=Note}}
===References===
<references/>
==Navigation==
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{{Navbox/Liberals}}
{{Navbox/Welfareists}}
[[Category:Economic Systems]]
[[Category:Status Quo]]
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