What is the opposite of Keynesian economics?

Monetarist economics can be considered as the opposite of Keynesian economics. It is a direct criticism of Keynesian economics theory by Milton Friedman. Keynesian theory deals with Government expenditure and Monetarist economy involves control of money in the economy. You can read about the Monetary System – Types of Monetary System (Commodity, Commodity-Based, Fiat Money) in the given link.

Further readings:

  1. National Institution for Transforming India (NITI Aayog) – A Brief Overview
  2. Monetary Policy – Objectives, Roles and Instruments (UPSC Indian Economy)

Leave a Comment

Your Mobile number and Email id will not be published.