Reference > The New Dictionary of Cultural Literacy > 18. Business and Economics
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  The New Dictionary of Cultural Literacy, Third Edition.  2002.
 
Keynes, John Maynard
 
 
(KAYNZ) A British economist of the early twentieth century who rejected traditional theories of the free market and advocated vast government spending in times of recession, even at the risk of unbalancing the budget.  1
 
 
The New Dictionary of Cultural Literacy, Third Edition. Edited by E.D. Hirsch, Jr., Joseph F. Kett, and James Trefil. Copyright © 2002 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved.

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