The Keynesian Multiplier (Routledge Frontiers of Political Economy)

Book Cover......Page 1
Title......Page 10
Copyright......Page 11
Contents......Page 12
Illustrations......Page 15
Contributors......Page 16
The Keynesian multiplier: An introduction......Page 20
Part I Some views on the multiplier......Page 26
1 Three views of the multiplier......Page 28
2 John Maurice Clark’s contribution to the genesis of the multiplier analysis: A note with some related unpublished correspondence......Page 51
3 The multiplier relation as the pure theory of output and employment in a monetary production economy......Page 77
Part II Some critical insights on the multiplier......Page 104
4 The investment multiplier and income saving......Page 106
5 The intertemporal transmission of money in the endogenous monetary economy: A blessing from the past or a curiosity?......Page 125
6 The demise of the Keynesian multiplier revisited......Page 139
7 Consumption, investment and the investment multiplier......Page 146
Part III Toward a re-interpretation of the multiplier......Page 170
8 Kalecki and the multiplier......Page 172
9 The Keynesian multiplier: The monetary pre-conditions and the role of banks as defended by Richard Kahn’s 1931 paper – a horizontalist re-interpretation......Page 187
10 The multiplier, the principle of effective demand and the finance motive: A single coherent framework......Page 200
Index......Page 212