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The Keynesian Multiplier, EPUB eBook

The Keynesian Multiplier EPUB

Edited by Claude Gnos, Louis-Philippe Rochon

Part of the Routledge Frontiers of Political Economy series

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The multiplier is a central concept in Keynesian and post-Keynesian economics. It is largely what justifies activist full-employment fiscal policy: an increase in fiscal expenditures contributing to multiple rounds of spending, thereby financing itself. Yet, while a copingstone of post-Keynesian theory, it is not universally accepted by

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