The Keynesian Multiplier By Louis-Philippe Rochon, Claude Gnos

Category

Economic theory & philosophy

Store

Wordery

Brand

Taylor & francis

The Keynesian Multiplier : Routledge : 9780415320139 : 0415320135 : 25 May 2008 : The multiplier is a central concept in Keynesian and post-Keynesian economics.  It is largely what justifies activist full-employment fiscal policy: an increase in fiscal expenditures contributing to multiple rounds of spending, thereby financing itself.  Yet, while a copingstone of post-Keynesian theory, it is not universally accepted by all post-Keynesians, for reasons vastly different than the mainstream.  This book explores both the pros and cons of the multiplier from a strictly post-Keynesian ? and Kaleckian ? approach.  Anchored within the tradition of endogenous money, this book offers a lively discussion from a number of well-known post-Keynesians from a variety of perspectives: history of thought, theory and economic policy.  The book starts by analysing the historical foundations of the Keynesian Multiplier and it's treatment throughout the history of economic thought. Moving through a critical

145 GBP