| 11. | Hicks and Samuelson were for example instrumental in mainstreaming Keynesian economics.
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| 12. | Modern social democracy has abandoned Third-way mixed economies and relies on Keynesian economics.
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| 13. | The paper made Fischer a central figure in New Keynesian economics.
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| 14. | At that time, Keynesian economic thinking was dominant in the West.
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| 15. | Theodore, an early advocate of Keynesian economics, favoured deficit spending to rejuvenate the economy.
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| 16. | Other modern schools of economic thought are New Classical economics and New Keynesian economics.
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| 17. | New classical economics relied on the theory of rational expectations to reject Keynesian economics.
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| 18. | Post-Keynesian economics also concentrates on macroeconomic rigidities and adjustment processes.
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| 19. | Democrats typically advocate Keynesian economics, which involves additional government spending during an economic downturn.
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| 20. | The Great Recession, which began around 2007, prompted a resurgence in Keynesian economic thought.
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