The Keynesian Multiplier (Routledge Frontiers of Political Economy) - Softcover

Softcover

ISBN 10: 0415569567 ISBN 13: 9780415569569

Publisher: Routledge, 2009

Synopsis

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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About this title

About the Author

Louis-Philippe Rochon is Associate Professor of Economics at Laurentian University, Ontario, Canada. Claude Gnos is Associate Professor and Director of the Centre for Monetary and Financial Studies at the University of Burgundy, Dijon, in France.

Edition details

• Publisher: Routledge
• Publication date: 2009
• Language: English
• ISBN 10: 0415569567
• ISBN 13: 9780415569569
• Binding: Paperback
• Edition number: 1
• Number of pages: 224
• Editor: Gnos Claude, Rochon Louis-Philippe