| Author: | ISBN: | 9781134361939 | |
| Publisher: | Taylor and Francis | Publication: | May 25, 2008 |
| Imprint: | Routledge | Language: | English |
| Author: | |
| ISBN: | 9781134361939 |
| Publisher: | Taylor and Francis |
| Publication: | May 25, 2008 |
| Imprint: | Routledge |
| Language: | English |
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
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
