Carternomics refers to the policies and economic philosophy espoused by Jimmy Carter during his presidency. Synonyms for the term might include "Carter economics," "Carter administration policies," or "Carter-era economic principles." The term might also be more broadly classified as part of the larger school of liberal economic thought. Other synonyms might include "progressive economics," "social democracy," "Keynesian economics," or "welfare capitalism." Regardless of the term used to describe it, Carter's economic philosophy was characterized by a focus on reducing inflation, promoting economic growth, and advocating for social welfare programs that would help to redistribute wealth and reduce inequality.