Keynesianism

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Some say that the concept of Keynesianism is difficult to define.[1] Gernot Köhler, at the School of Computing and Information Management at Sheridan College in Oakville, Ontario, defined it this way in 1998: Keynesianism is "an approach to economics which emphasizes responsible public management of economic problems in a world-system context. Common themes in global Keynesianism include the importance of public management, democratic politics, the mixed economy, global income distribution, the management of global demand, investment and money, ecological sustainability and the importance of multiple levels of public management -- local, national, regional and global."[2]


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