The Keynesian Multiplier

Book Overview

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...

• Format: Hardcover
• Language: English
• ISBN: 0415320135
• ISBN13: 9780415320139
• Release Date: May 2008
• Publisher: Routledge
• Length: 220 Pages
• Weight: 1.05 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"