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,
Fiorito L. (2008). John Maurice Clark's contribution to the genesis of the multiplier analysis: A note with some related unpublished correspondence. In C. Gnos, L.P. Rochon (a cura di), The Keynesian Multiplier (pp. 32-57). Londra : Routledge Taylor & Francis Group [10.4324/9780203505465].
John Maurice Clark's contribution to the genesis of the multiplier analysis: A note with some related unpublished correspondence
FIORITO, Luca
2008-03-11
Abstract
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,
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