Definition of new economics

: an economic concept that is a logical extension of Keynesianism and that holds that appropriate fiscal and monetary maneuvering can maintain healthy economic growth and prosperity indefinitely

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Invanti, which seeks to meet that call to create new economic opportunity, grew out of Gibbs’s and Mix’s experience in international development. Patrick Sisson, Curbed, "How a Midwest startup generator bursts the Bay Area tech bubble and solves real problems," 12 Dec. 2018 Some experts say Kim, eager to claim economic gains, may intend to blame underlings for problems before possibly launching new economic policies. Hyung-jin Kim, The Seattle Times, "Kim slams local North Koreans for unfinished power plant," 17 July 2018 At the core of the lineup is a new economic team led by Liu He, Mr. Xi’s top economic adviser whose promotion to vice premier essentially makes him the captain of the world’s second-largest economy. Lingling Wei And Chun Han Wong, WSJ, "China’s New PBOC Chief Promises to Enact Changes Quickly," 19 Mar. 2018 Building and trade unions, however, lined up behind Ms. Raimondo’s campaign, applauding her focus on infrastructure and new economic development. Jennifer Levitz, WSJ, "Rhode Island Gov. Raimondo Fends Off Primary Challenger," 12 Sep. 2018 And the country has depended more heavily on Chinese investment, particularly in a new economic zone the government is building east of Bangkok. James Hookway, WSJ, "Thai Junta Lite: Election Season Brings Push for Medical Pot, Same-Sex Unions," 12 Dec. 2018 But the new economic realities are pushing the Pemon away from green tourism and into a gold rush that environmentalists say may cause irreparable damage to Canaima. Kejal Vyas |, WSJ, "Desperate Venezuelans Dig Up Paradise in Search of Gold," 20 Nov. 2018 At a time when the survival of our democracy appeared to require the construction of a new economic order, a discredited and defeated conservative Establishment was using its residual power within the judiciary to thwart progressive change. Eric Levitz, Daily Intelligencer, "America’s Version of Capitalism Is Incompatible With Democracy," 23 May 2018 Russian stabilization and economic growth under Putin also created new economic opportunities. Fred Weir, The Christian Science Monitor, "Will Russia's involvement in Syria end up burning its ties with Israel?," 24 Apr. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'new economics.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of new economics

1928, in the meaning defined above

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Last Updated

16 Jan 2019

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The first known use of new economics was in 1928

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