The Keynesian theory of economic growth, developed by John Maynard Keynes in the mid-20th century, emphasizes the crucial role of government intervention in ensuring economic stability and full employment. According to Keynes, the private sector alone cannot always maintain full employment; thus, fiscal and monetary policies should be used to regulate aggregate demand. The Keynesian model highlights the interconnection between investment, consumption, and savings, with the "multiplier-accelerator" mechanism playing a key role in economic expansion. This paper examines the theoretical foundations of the Keynesian growth model, its application in different countries, and its relevance to Uzbekistan's economic policies. Furthermore, it discusses the critiques of Keynesianism from neoclassical economists and the integration of Keynesian principles with modern economic growth theories. The paper concludes with policy recommendations for fostering sustainable economic growth based on Keynesian principles.

Keynesian economics, economic growth, government intervention, fiscal policy, monetary policy, aggregate demand, Uzbekistan, investment, multiplier effect

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