21. This post-war domination by Neo-Keynesian economics was broken during the stagflation of the 1970s. 22. He shamelessly stole Democratic policies on everything from Keynesian economic management to affirmative action. 23. New classicals broke with Keynesian economic theory completely while monetarists had built on Keynesian ideas. 24. Governments and central banks responded with Keynesian economic ideas on how to combat recessionary conditions. 25. The adoption of policies using Keynesian economics led to other criticisms of Chamberlain's ministerial record. 26. As the government's initial leftist Keynesian economic policies proved unsuccessful, with rising unemployment and deindustrialization. 27. Nevertheless, the book was highly influential, for it melding of Keynesian economics and Fabian politics. 28. This is not a sophisticated debate on Keynesian economics . 29. Keynesian economics holds that the multiplier is above one, meaning government spending effectively boosts output.30. Davidson and Sidney Weintraub founded the " Journal of Post Keynesian Economics " in 1978.
