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The Keynesian Multiplier: Routledge Frontiers of Political Economy

Editat de Claude Gnos, Louis-Philippe Rochon
en Limba Engleză Hardback – 25 mai 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 debate about the limits of the multiplier, the contributions finish by offering cutting edge new views on this fascinating concept.
 
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Specificații

ISBN-13: 9780415320139
ISBN-10: 0415320135
Pagini: 220
Ilustrații: 2 b/w images, 2 tables and 2 line drawings
Dimensiuni: 156 x 234 x 18 mm
Greutate: 0.47 kg
Ediția:1
Editura: Taylor & Francis
Colecția Routledge
Seria Routledge Frontiers of Political Economy

Locul publicării:Oxford, United Kingdom

Public țintă

Postgraduate and Professional

Cuprins

Introduction, Section One: Some Views of the Multiplier, 1. Three Views on the Multiplier, 2. John Maurice Clark’s Contribution to the Genesis of the Multiplier Analysis: A note with some related unpublished correspondence, 3. The Material and Methodological Significance of the Supermultiplier, Section Two: Critical Insights on the Multiplier, 4. The Investment Multiplier and Income Savings, 5. The Multiplier and the Principle of Reflux, 6. The Demise of the Keynesian Multiplier Revisited, 7. Consumption, Investment and Investment Multiplier, Section Three: Towards a Re-interpretation of the Muliplier, 8. Kalecki and the Multiplier, 9. The Keynesian Multiplier: The Monetary Pre-Conditions and the Role of Banks as Defended by Richard Kahn’s 1931 Paper. A Horizontalist Re-Interpetation, 10. The Multiplier, the Principle of Effective Demand and the Finance Motive: a coherent framework.

Notă biografică

Louis-Philippe Rochon is Associate Professor of Economics at Laurentian University, Ontario, Canada.
Claude Gnos is Associate Professor and Director of the Centre for Monetary and Financial Studies at the University of Burgundy, Dijon, in France.

Descriere

This book explores both the pros and cons of the multiplier from a strictly post-Keynesian – and Kaleckian – approach. It offers a lively discussion from a number of well-known post-Keynesians from a variety of perspectives.