•Keynesian+Economics

=Keynesian Economics =

**Nautica Rowan Karl Delrosario **
====**Keynesian Economic**- N amed for economist John Maynard Keynes, Keynesian economics is an economic theory which advocates goverment intervention, or demandside management of the economy, to achieve full employment and stable prices. ====

The main principles of Keynesian Economics

 * ====The concept of a Keynesian Revolution====
 * ====Money markets and rate of interest====
 * ====Investors and savers====
 * ====Problem of liquidity====

====Keynes based his work on those of the Australian economist Alfred De Lissa, the Danish economist Julius Wulff, and the German American economist Nicholas Johannsen, the latter, whom he cited in a footnote. Nicholas Johannsen also proposed a theory of effective demand in the 1890s. ====

====Keynesian Economics was used as the economic model during the later part of the Great Depression however it lost support after the tax surcharge in 1968 and the stagflation of the 1970s. ====

====A central conclusion of Keynesian economics is that, in some situations, no strong automatic mechanism moves output and employment towards full employment levels. ====