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|alignments=
[[File:Centrist-yellow.png|link=:Category:Centrists]] [[:Category:Centrists|{{Color|#C0C0C0|'''Center'''}}]] to [[File:CLeft.png|link=:Category:Centrists]] [[:Category:Centrists|{{Color|#C0C0C0|'''Center-'''}}]][[:Category:Left_Unity|{{Color|#F9BABA|'''Le'''}}{{Color|#C9E5BD|'''ft'''}}]]<br>
{{info|Capitalists}}<br>
{{info|Liberals}}<br>
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{{info|Welfarists}}<br>
[[File:L-lib.png|link=Left-Liberalism (Disambiguation)]] [[Left-Liberalism (Disambiguation)|{{Color|#F9BABA|'''Left-'''}}{{Color|#C9E5BD|'''Wing'''}} {{Color|#006AA7|'''Liberals'''}}]]<br>
|likes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
When the government goes SPENDDDDD<br>
When the money printer goes BRRRRRRRR<br>
Bricking Windows<br>
Digging holes and filling them up<br>
Spending money (in times of crisis)<br>
[[File:FDRismF.png]] The New Deal<br>
[[File:Central_bank.png]] The Central Bank
</div>
|dislikes=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
Saving money<br>
[[File:GoldStandard.png]] The Gold Standard<br>
[[File:Austrobert.png]] Austrian Economists
</div>
|theorists=
[[File:Cball-Commonwealth.png]] '''Commonwealth Realm''' {{Collapse|
*[[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]] (1883-1946) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:ClementAttlee.png]] [[Democratic Socialism|Clement Attlee]] (1883-1967) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:OswaldMosley.png]] [[British Fascism|Oswald Mosley]] (1896-1980) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:Brownism.png]] [[Third Way|Gordon Brown]] (1951-) [[File:Cball-UK.png]] {{PBW|UKball|UK}}
*[[File:ALP.png]] [[Social Democracy|Kevin Rudd]] (1957-) [[File:Cball-Australia.png]] {{PBW|Australiaball|Australia}}
}}
[[File:PanAmer.png]] '''Americas''' {{Collapse|
*[[File:FDRismF.png]] [[Social Liberalism|Franklin D. Roosevelt]] (1882-1945) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:Truman.png]] [[Social Liberalism|Harry S. Truman]] (1884-1972) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:Long.png]] [[Longism|Huey Long]] (1893-1935) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:JuanPeron.png]] [[Peronism|Juan Perón]] (1895-1974) [[File:Argentina.png]] {{PBW|Argentinaball|Argentina}}
*[[File:Lyndon B. Johnson.png]] [[Social Liberalism|Lyndon B. Johnson]] (1908-1973) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:Friedman.png]] [[Chicago School|Milton Friedman]] (1912-2006) [[File:Cball-US.png]] USA (Later On)
*[[File:NuKeynesPix.png]] [[Social Liberalism|Paul Samuelson]] (1915-2009) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Leigh.png]] [[Authoritarian Conservatism|Gustavo Leigh]] (1920-1999) [[File:Cball-Chile.png]] {{PBW|Chileball|Chile}}
*[[File:Auth3Way.png]] [[Social Authoritarianism|Carlos Andrés Pérez]] (1922-2010) [[File:Cball-Venezuela.png]] {{PBW|Venezuelaball|Venezuela}}
*[[File:BrazilPRONA.png]] [[Welfare Chauvinism|Enéas Carneiro]] (1938-2007) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil
*[[File:
*[[File:Lula.png]] [[Socialism of the 21st Century|Luiz Inácio Lula da Silva]] (1945-) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil}}
*[[File:Newkeynes.png]] [[Neoliberalism|Paulo Guedes]] (1949-) [[File:Cball-Brazil.png]] {{PBW|Brazilball|Brazil}}
*[[File:Newkeynes.png]] [[Social Liberalism|Paul Krugman]] (1953-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Newkeynes.png]] [[Monetarism|Ben Bernanke]] (1953-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Newkeynes.png]] [[Neoliberalism|Lawrence Summers]] (1954-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
*[[File:Klep.png]] [[Kleptocracy|Rod Blagojevich]] (1956-) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:Obamium.png]] [[Third Way|Barack Obama]] (1961-) [[File:Cball-US.png]] {{PBW|USAball|USA
*[[File:Postkeynes.png]] [[Left-Wing Populism|Stephanie Kelton]] (1969-) [[File:Cball-US.png]] {{PBW|USAball|USA}}
}}
[[File:Cball-EU.png]] '''Europe''' {{Collapse|
*[[File:SwedenSocDem.png]] [[Guild Socialism|Ernst Wigforss]] (1881-1977) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:Mussolini.png]] [[Fascism|Benito Mussolini]] (1883-1945) [[File:Cball-King-Italy.png]] {{PBW|Italyball|Italy}}
*[[File:SwedenSocDem.png]] [[Nordic Model|Per Albin Hansson]] (1885-1946) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:
*[[File:Kalecki.png]] [[Neo-Marxism|Michał Kalecki]] (1899-1970) [[File:Cball-Poland.png]] {{PBW|Polandball|Poland}}
*[[File:Popolar.png]] [[Paternalistic Conservatism|Aldo Moro]] (1916-1978) [[File:Cball-Italy.png]] {{PBW|Italyball|Italy}}
*[[File:
*[[File:GerSPD.png]] [[Social Democracy|Helmut Schmidt]] (1918-2015) [[File:Cball-Germany.png]] {{PBW|Germanyball|Germany}}
*[[File:OlofPalme.png]] [[Left-Wing Populism|Olof Palme]] (1927-1986) [[File:Cball-Sweden.png]] {{PBW|Swedenball|Sweden}}
*[[File:Balcerowicz.png]] [[Neoliberalism|Leszek Balcerowicz]] (1947-) [[File:Cball-Poland.png]] {{PBW|Polandball|Poland}}
*[[File:Socdem.png]] [[Social Democracy|Thomas Piketty]] (1971-) [[File:Cball-France.png]] {{PBW|Franceball|France}}
}}
[[File:PanAsian.png]] '''Asia''' {{Collapse|
*[[File:ParkChungHee.png]] [[Ilminism|Park Chung-hee]] (1917-1979) [[File:Cball-South Korea.png]] {{PBW|South Koreaball|South Korea}}
*[[File:ZhuRongji.png]] [[Dengism|Zhu Rongji]] (1928-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:Hujintao.png]] [[Dengism|Hu Jintao]] (1942-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:Thaksin.png]] [[Social Authoritarianism|Thaksin Shinawatra]] (1949-) [[File:Thailand.png]] {{PBW|Thailandball|Thailand}}
*[[File:BoXilai.png]] [[Dengism|Bo]] [[Social Authoritarianism|Xilai]] (1949-) [[File:Cball-China.png]] {{PBW|Chinaball|China}}
*[[File:NajibRazak.png]] [[Neoliberalism|Najib Razak]] (1953-) [[File:Cball-Malaysia.png]] {{PBW|Malaysiaball|Malaysia}}
*[[File:DemocraticPartyKorea.png]] [[Social Liberalism|Moon Jae-in]] (1953-) [[File:Cball-South Korea.png]] {{PBW|South Koreaball|South Korea}}
*[[File:ShinzoAbe.png]] [[National Conservatism|Shinzo Abe]] (1954-2022) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
*[[File:Newkeynes.png]] [[Reactionary Liberalism|Yōichi Takahashi]] (1955-) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
*[[File:Kochikai.png]] [[Paternalistic Conservatism|Fumio Kishida]] (1957-) [[File:Cball-Japan.png]] {{PBW|Japanball|Japan}}
}}
|examples=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
*[[File:Cball-Sweden.png]] [[Nordic Model|Stockholm School]]
*[[File:Cball-England.png]] [[Social Liberalism|Cambridge University]]
*[[File:Cball-US.png]] [[Social Liberalism|United States]] (1933-1969)
*[[File:Cball-UK.png]] [[Social Democracy|United]] [[One-Nation Conservatism|Kingdom]] (1945-1976)
*[[File:Cball-Japan.png]] [[Reactionary Liberalism|Japan]] (1945-)
*[[File:Cball-Poland.png]] [[Paternalistic Conservatism|Poland]] (2015-)
</div>
|song=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[https://youtu.be/d0nERTFo-Sk Keynes vs. Hayek - Rap Battle]<br>
[https://youtu.be/GTQnarzmTOc Keynes vs. Hayek - Rap Battle Round Two]<br>
[https://youtu.be/34CZjsEI1yU WIND ROSE - Diggy Diggy Hole]<br>
[https://youtu.be/7ftQv5RQJH0 Window - Fiona Apple]
</div>
|sub=
[[File:Keynes.png]] '''John Maynard Keynes Thought''' {{Collapse|
*[[File:Anticommunism.png]] {{PCBA|Anti-Communism}}
*[[File:Anti-Semitic.png]] {{PCBA|Anti-Semitism}} (Accused)
*[[File:Eugen.png]] [[Eugenicism]]
*[[File:Fem.png]] [[Feminism]]
*[[File:Gay.png]] [[:Category:LGBT|Gay Rights Advocacy]]
*[[File:Hayek.png]] [[Hayekism]] (Sympathetic)
*[[File:HumanisticCapitalism.png]] [[Social Capitalism|Humanistic Capitalism]]
*[[File:LibSocKey.png]] [[Liberal Socialism]] (Self-Proclaimed)
*[[File:FairTradeProtectionism.png]] [[Protectionism]] (Formerly opposed, later on)
*[[File:Realism.png]] [[Machiavellianism|Realism]]
*[[File:Secular.png]] [[Secularism]]
*[[File:SocCred.png]] [[Social Credit]] (Sympathetic)
*[[File:Socdem.png]] [[Social Democracy]]
*[[File:Soclib.png]] [[Social Liberalism]]
*[[File:Neotech.png]] [[Technoliberalism]]
*[[File:LibZion.png]] [[Zionism]] (Initially, later opposed)<ref>Keynes did express some views related to Zionism during his lifetime, but his stance on the issue was complex and evolved over time. In his earlier writings, Keynes was generally sympathetic to the Zionist movement and supported the idea of a Jewish homeland in Palestine. He even participated in the drafting of the Balfour Declaration in 1917, which expressed British support for the establishment of a "national home for the Jewish people" in Palestine.
However, as time went on, Keynes became more critical of some aspects of the Zionist movement and British policies in Palestine. He raised concerns about the potential impact of Jewish immigration on the Arab population and the stability of the region. His views on the matter were nuanced and evolved in response to changing political and social dynamics in the Middle East.</ref>
}}
|school =
[[File:NuKeynesPix.png]] '''Neo-Keynesianism''' {{Collapse|
*[[File:Neoclassical.png]] [[Chicago School|Neo-Classical Economics]]
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}}
[[File:Postkeynes.png]] '''Post-Keynesianism''' {{Collapse|
*[[File:
*[[File:Neoricardosoc.png]] [[Ricardian Socialism|Neo-Ricardianism]]
}}
|influences=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[[File:Regulationism.png]] [[Regulationism]]<br>
[[File:Protect.png]] [[Protectionism]] (Historically, now sometimes)<br>
[[File:SocCred.png]] [[Social Credit]]<br>
[[File:Soclib.png]] [[Social Liberalism]]<br>
[[File:Technocracy.png]] [[Technocracy]]<br>
[[File:Welf.png]] [[Welfarism]] (Usually)<br>
</div>
|influenced=<div style="overflow:auto; height:auto; max-height:200px; background:transparent;">
[[File:Chilib.png]] [[Chicago School]]<br>
[[File:LDP(Japan).png]] [[Reactionary Liberalism|Japan LDPism]]<br>
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[[File:Neoliberal-icon.png]] [[Neoliberalism]]<br>
[[File:Thaksin.png]] [[Social Authoritarianism|Thaksinism]]
</div>
}}
{{Quote|
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*[[w:IS%E2%80%93LM_model|IS-LM model]]: It relates aggregate demand and employment to three exogenous quantities, i.e. the amount of money in circulation, the government budget, and the state of business expectations. It became really popular as a way to analyze the effect demand shocks on the overall economy
*[[w:Phillips_curve|Phillips curve]] : This curve was an empirical view of analyzing, to get to the conclusion, that more inflation would cause a lower employment rate.
===[[File:Newkeynes.png]] New Keynesian Economic Theory===
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* '''New Keynesian DSGE model:''' Enterprises and households are assumed to have rational expectation, but prices are set by monopolistically competitive firms and can't shift quickly or without cost.
* '''New Keynesian Phillips Curve:''' Like an expectations-augmented Phillips curve, it implies that the trade-off between unemployment and inflation is only applicable in the short run.
===[[File:Postkeynes.png]] Post-Keynesian Economic Theory===
The '''Post-Keynesian Economic Theory''' is a more left-wing current of economic thought developed from the 1930s in England and the United States, where it is currently most present, which presents itself as the closest current to Keynes' ideas. It takes the most radical views of Keynes, who throughout his life has moved further and further away from [[File:Neoclassical.png]] neoclassicals. As such, the Post-Keynesian economic theory takes a position radically opposed to that of neoclassical economics by emphasizing the following points:
* A realistic and non-instrumentalist epistemology. The assumptions made by post-Keynesians must correspond to reality; they do not have a simple predictive function.
* A holistic and non-individualistic approach, for example, the possibility of an autonomous macroeconomics compared to the microeconomics, and an area of analysis and reflection specific to macroeconomics.
* Giving up on the assumptions of absolute or even limited rationality of agents.
* Considering the problem of scarcity in the economy as secondary; and placing the problems of production, reproduction, growth, and circulation at the center of the analysis.
* Flavoring state interventionism over the free market.
* Inflation is analyzed from a cost-push perspective. Money is endogenous, wages in monetary terms are determined by oligopolies and unions, and the stock of capital is homogeneous.
===[[File:MilKeynesf.png]] Military Keynesianism===
WIP
===[[File:Cball-Sweden.png]] Stockholm School===
WIP
==Tenets==
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In his book, The General Theory of Employment, Interest, and Money and other works, Keynes argued against his construction of classical theory, that during recessions business pessimism and certain characteristics of the market economies would exacerbate economic weakness and cause aggregate demand to plunge further.
For example, Keynesian economics disputes the notion held by some economists that lower wages can restore full employment because labor demand curves slope downward like any other normal demand curve. Instead, he argued that employers will not add employees to produce goods that cannot be sold because demand for their products is weak. Similarly, poor business conditions may cause companies to reduce capital investment, rather than take advantage of lower prices to invest in new plants and equipment. This would also have the effect of reducing overall expenditures and employment.
==Personality==
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*He likes to break other people's windows.
*Likes to
*Big consoomer
*<s>Likes to have gay sex with twinks.</s>
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==Relationships==
===Friends===
*[[File:Regulationism.png]] [[Regulationism]] - I'm literally the same as him, but with more specific end goals and more precise rhetoric from some British chap named John!
*[[File:Bankocracy.png]] [[Financialism]] - We need a strong central bank.
*[[File:Indust.png]] [[Industrialism]] - I helped him grow after WW2.
*[[File:Soclib.png]] [[Social Liberalism]] - He's a good student who tends to agree with me on civil liberties. Just would like to see him go a bit further when it comes to economic interventionism.
*[[File:Socdem.png]] [[Social Democracy]] - I justify for him whatever he is doing.
*[[File:Patcon.png]] [[Paternalistic Conservatism]] - You listened to my arguments and not [[File:Fiscon.png]] [[Fiscal Conservatism|his]], smart move.
*[[File:Lpop.png]] [[Left-Wing Populism]] - Yes! We can afford everything, definitely! <s>Those corporate bailouts are necessary though</s>
*[[File:necon.png]] [[Neoconservatism]] - Military spending is a great way to help the economy!
*[[File:Libhawk.png]] [[Neoconservatism|Liberal Hawkism]] - A militarist social liberal? Even better.
*[[File:Neoprog.png]] [[Third_Way#Neoprogressive_Hawk|Neoprogressive Hawkism]] - Couldn't care less for social progress but the welfare and military spending are nice
*[[File:MilSoc.png]] [[Social_Democracy#Militant_Social_Democracy|Militant Social Democracy]] - A militarist social democrat? How do these consistently become better and better?
*[[File:Georgist.png]] [[Georgism]] - Both Stiglitz and Krugman like your idea of a Land Value Tax. Not sure it should replace all other taxes though.
===Frenemies===
*[[File:NuKeynesPix.png]] [[Keynesian School#Neo-Keynesian Economic Theory|Neo-Keynesianism]] - You are my son and I love you but quit hanging out with those [[File:Neoclassical.png]] [[Classical Liberalism|neoclassicals]]!
*[[File:Neoliberal-icon.png]] [[Neoliberalism]] - I like you depending on your mood, my dear son. <s>Though I'm still a bit pissed at how much you tried to undo my work even though I became a failure over time</s>
*[[File:Chilib.png]] [[Chicago School]] - While I mostly disagree with him on Fiscal vs Monetary Policy, we both support Central Banking, Fiat Currency and Capitalism. Just wish you'd open up to Government Spending more...
*[[File:Hayek.png]] [[Hayekism]] - ''"In the long term"'' we'll all be dead.
*[[File:Socliber.png]] [[Social Libertarianism]] - I don't think you understand the business cycle, but at least you're fine with the FED.
*[[File:Protect.png]] [[Protectionism]] - Protectionism is good but cant you import a bit more things?
*[[File:Merc.png]] [[Mercantilism]] - I learned a lot from him, but he's a bit too blunt when it comes to violence.
*[[File:corptism.png]] [[Corporatism]] - I took many ideas from you, but your idea of abolishing democracy is preposterous.
*[[File:Demsocstar.png]] [[Democratic Socialism]] - Normally a good ally, can get carried away at times though.
*[[File:Synd.png]] [[Syndicalism]] - Stop complaining about wages already! Go on welfare you lazy, good-for-nothing commies! <s>You know what? That was a bit too harsh of me,</s> I'll let your unions strike, as long as you are not being violent.
===Enemies===
*[[File:Austrobert.png]] [[Austrian School]] - Goldbug Detected, Opinion Invalid.
*[[File:Minarchist.png]] [[Minarchism]] - This simpleton doesn't like it when the machine goes BRRRR. And for the last time, I'm not a goddamn socialist just because I like government spending. Please understand already that socialism is not about the government doing things.
*[[File:Ancapf.png]] [[Anarcho-Capitalism]] - Oh Christ...
*[[File:Fiscon.png]] [[Fiscal Conservatism]] - The machine will go BRRRR whether you like it or not!
*[[File:Commie.png]] [[Communism (Disambiguation)|Communism]] - I am not a communist. On the contrary, my methods are the only way to stop communists!
*[[File:Bernst.png]] [[Reformist Marxism]] - My old rival in the [[File:UKLab.png]] Labour party!
* [[File:Illeg.png]] [[Illegalism]] - Anti-economy, hates state monopolies and order? Nightmare!
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Bruno-Radical-70s.png|Credit: [[Community:Bruno-radical|bruno-radical]]
Legend2T-9x9.png|Credit: [[File:Colmin.png]][[User:TheLegend2T|TheLegend2T]], [https://www.reddit.com/r/Polcompballanarchy/comments/mqcr2d/the_9x9_compass_of_famous_people/ Source]
Stretchedcappie.png
</gallery>
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===Literature===
*[https://www.files.ethz.ch/isn/125515/1366_KeynesTheoryofEmployment.pdf The General Theory of Employment, Interest and Money] by [[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]]
*[
*[https://web.archive.org/web/20221102091549/https://static.stevereads.com/papers_to_read/krugman--the_return_of_depression_economics.pdf The Return of Depression Economics and the Crisis of 2008] by [[File:Newkeynes.png]] [[Social Liberalism|Paul Krugman]]
*[https://www.amazon.com/dp/1629100668/ The Economic Consequences of the Peace] by [[File:Keynes.png]] [[Social Liberalism|John Maynard Keynes]]
*[https://www.amazon.com/dp/0525509038/ The Price of Peace: Money, Democracy, and the Life of John Maynard Keynes] by Zachary D. Carter
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====People====
*[[File:Keynes.png]] [[w:John_Maynard_Keynes|John Maynard Keynes]]
*[[File:NuKeynesPix.png]] [[w:Lawrence Klein|Lawrence Klein]]
*[[File:
*[[File:NuKeynesPix.png]] [[w:Paul Samuelson|Paul Samuelson]]
*[[File:NuKeynesPix.png]] [[w:James Tobin|James Tobin]]
*[[File:NuKeynesPix.png]] [[w:John Hicks|John Hicks]]
*[[File:Newkeynes.png]] [[w:Paul Krugman|Paul Krugman]]
*[[File:Newkeynes.png]] [[w:Ben Bernanke|Ben Bernanke]]
*[[File:Postkeynes.png]] [[w:Hyman_Minsky|Hyman Minsky]]
*[[File:Postkeynes.png]] [[w:Joan_Robinson|Joan Robinson]]
*[[File:Postkeynes.png]] [[w:Michał_Kalecki|Michał Kalecki]] [[File:Neomarx.png]]
*[[File:Postkeynes.png]] [[w:John Kenneth Galbraith|John Kenneth Galbraith]]
===Videos===
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