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The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment …. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about …
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In this chapter, in Sect. 12.1 we provide a sketch of the Keynesian multiplier and the multiplier–accelerator model by Hansen and Samuelson. The description of the Kaldor model (Sect. 12.2) is introduced by the related literature (Sect. 12.2.1). As Kaldor described his model only...
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In his q theory of investment, in his analysis of money demand and portfolio choice, and in his analysis of … was informed by his close study of John Maynard Keynes’s Treatise on Money (1930), especially Keynes's Q theory of … investment, and Keynes’s General Theory (1936), especially Chap. 19 on what happens when money wages are flexible, and of Irving …
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