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The Keynesian Multiplier
Paperback
Series: Routledge Frontiers of Political Economy
ISBN13: 9780415569569
Publisher: Routledge
Published: Nov 24 2009
Pages: 206
Weight: 0.70
Height: 0.47 Width: 6.14 Depth: 9.21
Language: English
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.
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