The Keynesian Multiplier (Routledge Frontiers of Political Economy)
Language: English
Published by Routledge, 2008
Series: Book 73 of 375 - Routledge Frontiers of Political Economy
- Softcover
- New

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- Title
- The Keynesian Multiplier (Routledge Frontiers of Political Economy)
- Publisher
- Routledge
- Publication year
- 2008
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 0415569567
- ISBN 13
- 9780415569569
- Series
- Book 73 of 375: Routledge Frontiers of Political Economy
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.
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Ria Christie Collections
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