keynesian

Updated: May 8, 2025

Employees, employers, the government, communities and suppliers are partners in the decision making process or privies to it. Relics of past models of the market economy still abound in this continent: industrial policy, Keynesian government spending, development aid, export and production subsidies, trade protectionism, the state-sanctioned support of nascent and infant industries.

Samuel Vaknin - The Belgian Curtain: Europe after Communism