The Keynesian Multiplier (Paperback)

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. .

General

Imprint:	Routledge
Country of origin:	United Kingdom
Series:	Routledge Frontiers of Political Economy
Release date:	November 2009
First published:	2008
Editors:	Claude Gnos • Louis-Philippe Rochon
Dimensions:	234 x 156 x 12mm (L x W x T)
Format:	Paperback
Pages:	206
ISBN-13:	978-0-415-56956-9
Categories:	Books > Business & Economics > Economics > General
LSN:	0-415-56956-7
Barcode:	9780415569569

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