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Persistent link: https://www.econbiz.de/10001582363
This paper explores the Marxian genetic root of the multiplier in order to clarify its foundations and validity …-Keynes multiplier …
Persistent link: https://www.econbiz.de/10013135672
returns on equity, conditional on observable consumption, suggest the Puzzle of the Keynes' Consumption Multiplier …
Persistent link: https://www.econbiz.de/10012964430
completely worked out application of the theory of the multiplier in the EJ. Keynes delegated this task to Kahn. Kent (2007 …) demonstrated that in May 1929, Keynes had applied his logical theory of the multiplier in preparation for a speech in which he … in his application of the mathematical theory of the multiplier. Keynes privately showed Kahn sometime between May 1929 …
Persistent link: https://www.econbiz.de/10012907306
Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in … Theory of the Multiplier where one would use arithmetic to actually calculate a worked out example of the process. As pointed … problem, which would be based on the Logical Theory of the Multiplier that he had already worked out in 1908 and 1921, to Kahn …
Persistent link: https://www.econbiz.de/10012907805
Dennis Robertson had no understanding of how J M Keynes's Multiplier concept was based on the use of differential … confused the fact that the actual multiplier process of change in the real world is not instantaneous, but requires time for … the process to actually function, so that in the real world it is not instantaneous, with the mathematical theory of the …
Persistent link: https://www.econbiz.de/10012909554
Joan Robinson had no idea about what Keynes was talking about in the General Theory with respect to (a) Keynes …, underemployment, involuntary unemployment), his Liquidity Preference Theory based on his equation on p.199 of the General Theory, his … Investment Multiplier, marginal propensity to consume, or income expenditure model, or the role played by Keynes's weight of the …
Persistent link: https://www.econbiz.de/10012909585
offer formulae for the Keynesian multiplier which depend on the degree of substitution. We also show that there is a Pigou … effect and that this effesct might be larger than the effect of the Keynesian multiplier …
Persistent link: https://www.econbiz.de/10013012085