theories about how in the short run, and especially during recessions, economic output is strongly influenced by aggregate demand; developed by British economist John Maynard Keynes
the Keynesian political-economic institutional system of postwar capitalism
The collapse of ‘privatized Keynesianism’ in 2008 was far from ending the sequence of crises of postwar capitalism that began in the 1970s.
The felicitous term, ‘privatized Keynesianism’, was coined to describe what was, in effect, the replacement of public with private debt
citing Colin Crouch