Keynes and Ricardo on consumption

Alex M Thomas

Cambridge Journal of Economics, 2025, vol. 49, issue 5, 999-1014

Abstract: While Keynes is famous for giving importance to demand/consumption, Ricardo is infamous for not. In this paper, I revisit the views on consumption found in Keynes and Ricardo. Such a comparative exercise allows us to identify and isolate the surprising similarities between Keynes and Ricardo—on the question of consumption. Such a comparison, it will be seen, also allows us to understand Ricardo’s position on Say’s Law in a more nuanced manner.

Keywords: Keynes; Ricardo; Consumption; Habits; Propensity to consume (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/beaf031 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:49:y:2025:i:5:p:999-1014.

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().