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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 …
Persistent link: https://www.econbiz.de/10013054153
subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory …
Persistent link: https://www.econbiz.de/10003868819
), a Lakatosian concept, of Keynes in The General Theory of Employment, Interest and Money (TGT) with those of its …
Persistent link: https://www.econbiz.de/10013084582
the General Theory, along with the dimension of time, history and path-dependence, makes it possible to conceive Keynes …
Persistent link: https://www.econbiz.de/10013314560
This paper discusses the following two hypotheses. The first one is based on the epistemological proposal which we have named the principle of discontinuity. It asserts that certain developments in the history of economic thought involve theoretical breaks which can only be fully explained by...
Persistent link: https://www.econbiz.de/10014198361
Keynes’s thoughts on capitalism are analysed by focusing on what he wrote on the topic, using the Collected Writings, taken as a whole, together with some unpublished material to tackle three issues: what Keynes meant by capitalism; the fragility of capitalism; and the morality of capitalism....
Persistent link: https://www.econbiz.de/10014207426
General Theory while the appendix to Chapter 6 goes into detail on user cost. His concept of user cost at one point sparked a …. The General Theory is a theory of the short run, but firms' cost curves, which are key to many short run decisions …
Persistent link: https://www.econbiz.de/10013077469
Chapters 8, 9 and 10 set out Keynes' theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I …
Persistent link: https://www.econbiz.de/10013077470
In Chapter 3 of the General Theory, Keynes sketches out what he calls the essence of the General Theory of Employment …
Persistent link: https://www.econbiz.de/10013077471
In Chapter 4 of the General Theory, Keynes discusses the units of measurement he will be using in the remainder of the …
Persistent link: https://www.econbiz.de/10013077472