KEYNESIAN RESURGENCE – THE WAY TO GO IN CURRENT ECONOMIC ISSUES

Lucian Alexandru Danciu
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Lucian Alexandru Danciu: Lucian Blaga University of Sibiu, Romania

Revista Economica, 2009, vol. 48, issue 6, 88-95

Abstract: The current financial crisis is the worst we have ever seen since the one in 1929 – 1933. Although Keynesianism has become, over the last few years, more and more of an undesirable economic doctrine, due to state interventionism within the economy, current events have created a stir concerning the return to traditional Keynesianism, as the only way to efficiently counter the effects of an economic crunch the lights of which we have never seen before. But there have also been countries which have adopted concrete Keynesian policies in order to diminish the negative impact of the current crisis, and, while some countries have adopted such measures, Romania still lingers in a state of political uncertainty which further deepens the economic crisis. Adopting serious, complete and concrete measures laid out by the famous British economist may be the only way out for a country already in disarray.

Keywords: Keynesian school of thought; crisis; resurgence (search for similar items in EconPapers)
Date: 2009
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