Scenarios about 'keynesian economics'
Keynesian economics is a macroeconomic theory developed by British economist John Maynard Keynes during the 1930s Great Depression, advocating for increased government expenditure and lower taxes to stimulate demand during economic downturns. This influential economic framework challenged classical economics by arguing that government intervention through fiscal policy can effectively address unemployment and market instability, fundamentally reshaping economic policy approaches in many Western nations throughout the 20th century.
What If Keynesian Economics Remained Dominant?
Exploring the alternate timeline where Keynesian economics maintained its primacy in economic policy-making, without the neoliberal revolution of the 1970s-80s fundamentally reshaping global economic governance.
What If Monetarism Never Became Influential?
Exploring the alternate timeline where monetarist economic theory never gained prominence, potentially altering decades of economic policy, central banking practices, and the global fight against inflation.
What If Neoliberalism Never Became Dominant?
Exploring the alternate timeline where Keynesian economics remained the prevailing economic paradigm and neoliberal policies never gained global traction after the 1970s.
What If Stagflation Never Occurred?
Exploring the alternate timeline where the economic phenomenon of stagflation never materialized in the 1970s, potentially reshaping global economic policy, monetary theory, and political developments for decades to come.
What If The Austrian School of Economics Became Dominant?
Exploring the alternate timeline where Austrian economics supplanted Keynesian theory as the mainstream economic paradigm, fundamentally reshaping monetary policy, government intervention, and global financial systems.