Keynesian Multiplier

Name: Keynesian Multiplier
Brand: Taylor & Francis

Taylor & Francis

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. \nThis book explores both the pros and cons of the multiplier from a strictly post-Keynesian \u2013 and Kaleckian \u2013 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\u2019s treatment throughout the history of economic thought. Moving through a critical debate about the limits of the multiplier, the contributions finish.