Keynesianism vs Neoliberalism
Keynesianism holds that market economies can stay stuck in recessions and that governments should manage overall demand through spending, taxes and interest rates to sustain employment.
- Total demand for goods and services drives output and employment in the short run.
- Markets can remain in a slump with high unemployment for a long time without help.
- Governments should run deficits in recessions and restrain spending in booms.
Neoliberalism is a policy approach that favors open markets, free trade, privatization, deregulation and limits on government spending within a global economy.
- Markets usually allocate resources more efficiently than governments.
- State owned companies should often be privatized.
- Regulations that limit competition should be reduced.
- Keynesianism: petals and stars
- Neoliberalism: dashed outline
★ Where they differ most
- Markets100 points apart
Keynesianism: Planned (mild). Neoliberalism: Free (strong).
- Welfare80 points apart
Keynesianism: Shared (moderate). Neoliberalism: Self-reliant (moderate).
- Authority60 points apart
Keynesianism: Democratic (moderate). Neoliberalism: Strong leader (mild).
- Trade50 points apart
Keynesianism: Global (moderate). Neoliberalism: Global (strong).
★ Where they are closest
- Culture · 10 apart
- Religion · 10 apart
- Morality · 10 apart
Axis by axis
Neoliberalism
Economy
Equality / Markets- OwnershipMild: Private35%65%PublicPrivate
- MarketsMild: Planned65%35%PlannedFree
- WelfareModerate: Shared70%30%SharedSelf-reliant
State and liberty
Liberty / Authority- AuthorityModerate: Democratic75%25%DemocraticStrong leader
- SecurityBalanced50%50%LibertyOrder
- StructureMild: Central35%65%LocalCentral
Society
Progress / Tradition- MoralityMild: Progressive55%45%ProgressiveTraditional
- ReligionMild: Secular60%40%SecularReligious
- TechnologyMild: Embrace60%40%EmbraceCaution
- CultureMild: Multicultural55%45%MulticulturalNational identity
World
Global / Nation- TradeModerate: Global68%32%GlobalProtected
- Foreign policyModerate: Cooperation78%22%CooperationStrength
★ 12 Axes Political Test ★
How close are you to Keynesianism or Neoliberalism?
Answer plain statements on 12 axes and see your match with Keynesianism or Neoliberalism and every other profile on the site, axis by axis.
FAQ
Keynesianism vs Neoliberalism
What is the difference between Keynesianism and Neoliberalism?
Keynesianism holds that market economies can stay stuck in recessions and that governments should manage overall demand through spending, taxes and interest rates to sustain employment. Neoliberalism is a policy approach that favors open markets, free trade, privatization, deregulation and limits on government spending within a global economy. On the 12 axes they differ most on markets, welfare, authority.
What do Keynesianism and Neoliberalism have in common?
Their positions are closest on culture, religion, morality. Overall their profiles are a 77% match on the 12 axes used by the 12 Axes Political Test.
Am I closer to Keynesianism or Neoliberalism?
Take the 12 Axes Political Test. Your result shows your match with both, and with every other ideology on the site, axis by axis.