The 2008 financial crisis proved that Keynesianism can exist within the neoliberal system for wealthy countries that make up the reserve currencies of the world. Prior to that the thinking was that printing money just resulted in rapid inflation, and that hasn't been the case.
Except QE is not a genuine Keynesian counter-cyclical fiscal policy.... I guess we could understand the two terms more "broadly", but at a certain point the meaning becomes so vague it would useless to talk about them
Keynesianism is a bourgeois economic theory, but it's explicitly not neoliberal in the Reagan-Thatcher-Chicago School sense
(Though to further muddy the waters, the so-called Neo-Keynesians are neoliberal; original Keynesian economics of Keynes, Galbraith, Kaldor et al. are quite different from Krugman and Mankiw)
Keynesianism isn't neoliberalism. It's certainly still capitalist, but neoliberalism was reaction against Keynesian economics.
The 2008 financial crisis proved that Keynesianism can exist within the neoliberal system for wealthy countries that make up the reserve currencies of the world. Prior to that the thinking was that printing money just resulted in rapid inflation, and that hasn't been the case.
Except QE is not a genuine Keynesian counter-cyclical fiscal policy.... I guess we could understand the two terms more "broadly", but at a certain point the meaning becomes so vague it would useless to talk about them
Keynesianism is a bourgeois economic theory, but it's explicitly not neoliberal in the Reagan-Thatcher-Chicago School sense
(Though to further muddy the waters, the so-called Neo-Keynesians are neoliberal; original Keynesian economics of Keynes, Galbraith, Kaldor et al. are quite different from Krugman and Mankiw)