Economics. His later monograph on the topic, Zur Theorie des Kapitals (A contribution to the theory of capital), is more or less …The common interpretation of Carl Menger's take on capital theory rests upon a few sentences in his Principles of … Menger's view on capital does not only concern terminological points, but involves the subject matter of capital theory. A …

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 …