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 …

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 …

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 …

recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …

Several recent studies have computed different values for US Keynesian expenditure multiplier. This study examines how … increases in the US marginal propensity to import have reduced the multiplier. OLS estimate for two time periods are made for …- and post-NAFTA/WTO time frames. In particular, the multiplier decreased from 2.12 during the 1972-1991 period to 1 …

From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … theoretical merits of this multiplier. Even the biggest opponents like Friedman have only questioned the multiplier value, judged … to be closed from 1 in the permanent income that competes with it. We will show in this first article that the multiplier …

Factor supply increases (depresses) output for many of the same reasons that the government spending multiplier might …" and suggest that the government spending multiplier is less than one, even during the recession …

Keynes uses income to derive his consumption function and spending multiplier. This paper proves that he also needs …

The myth that R. Kahn taught J M Keynes the multiplier,so that without Kahn's contribution,there would have been no … possibility of Keynes having written the General Theory in 1936,like the myth that there is no IS-LM mathematical model in the … General Theory , can be traced to deliberate canards made by Joan Robinson repeatedly in her life time.Keynes exposed Robinson …