The Keynesian Multiplier Hardback
Edited by Claude (University of Burgundy, Dijon, France.) Gnos, Louis-Philippe (Laurentian University, Canada) Rochon
Part of the Routledge Frontiers of Political Economy series
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 all post-Keynesians, for reasons vastly different than the mainstream. This book explores both the pros and cons of the multiplier from a strictly post-Keynesian - and Kaleckian - approach. Anchored within the tradition of endogenous money, this book offers a lively discussion from a number of well-known post-Keynesians from a variety of perspectives: history of thought, theory and economic policy. The book starts by analysing the historical foundations of the Keynesian Multiplier and it's treatment throughout the history of economic thought.
Moving through a critical debate about the limits of the multiplier, the contributions finish by offering cutting edge new views on this fascinating concept. .
- Format: Hardback
- Pages: 224 pages, 2 Line drawings, black and white; 2 Tables, black and white; 2 Illustrations, black and w
- Publisher: Taylor & Francis Ltd
- Publication Date: 25/05/2008
- Category: Economics
- ISBN: 9780415320139