This paper presents a theoretical model of consumption behavior that synthesizes the seminal contributions of Keynes … (1936), Friedman (1956) and Duesenberry (1948). The model is labeled a “relative permanent income” theory of consumption …. The key feature is that the share of permanent income devoted to consumption is a negative function of household relative …

consumption function and the demand for money, not to mention monetary history, which helped to undermine the post World War 2 … Phillips curve, is also assessed in the light of his own preference, which he shared with Keynes, for a pragmatic Marshallian …

textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it … is possible to ground a Keynesian-type aggregate Consumption function on the basis of (some of) the principles underlying …

of The Pure Theory of Capital (1941). First, he showed that only exceptionally does greater consumption favour investment … and employment. Second, he rejected Keynes's liquidity preference and maintained that only in an 'extreme case' might it … be said that Keynes's theory of the rate of interest is valid. Although he correctly identified the gist of Keynes …

Maynard Keynes launched his optimistic prophecy that growth and technological change would allow mankind to solve its economic …

Keynes’s argument that the book was a serious work of economics met with a controversial response that continues to the … reasons for the success Keynes enjoyed in communicating his ideas to a wider audience. By applying the tools of literary … criticism to the book it is possible to uncover a number of implicit and explicit influences, which help explain how Keynes …

Keynes's discussion of "the state of long-term expectation" explains why uncertainty about the future makes investment … unstable. Minsky used Keynes's ideas to explain why every economic boom sets the stage for a financial crisis. This paper … extends the Keynes/Minsky framework by arguing that uncertainty about the future also biases scientific knowledge and human …

discontinuity, the conceptual structures of Marshall's and Keynes' conceptions of the determinants of investment are analysed and …