Visit: MeTee.com Support this Youtube channel and Design and Publish a T-Shirt using the link above. This channel is brought to you by MeTee T-Shirts: The place for On-Demand t-shirts. – Sunday July 17 2011 6:13 am www.msnbc.msn.com Keynesian economics ( /ˈkeɪnziən/ kayn-zee-ən; also called Keynesianism and Keynesian theory) is a macroeconomic theory based on the ideas of 20th century English economist John Maynard Keynes. Keynesian economics argues that private sector decisions sometimes lead to inefficient macroeconomic outcomes and therefore advocates active policy responses by the public sector, including monetary policy actions by the central bank and fiscal policy actions by the government to stabilize output over the business cycle. The theories forming the basis of Keynesian economics were first presented in The General Theory of Employment, Interest and Money, published in 1936; the interpretations of Keynes are contentious, and several schools of thought claim his legacy. – Like/Dislike, Comment, Favorite and share on Twitter, Facebook, and Google+ to get the word out on this video. Signup for the Daily News Email Subscription: tinyurl.com If you are interested in becoming a channel sponsor for $1/day for 30 days send a Youtube Private Message letting me know.



