The Role of Consumption in the Economy – An Evolution of the Ideas from Cantillon to Keynes

Tatiana Ivanova ()
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Tatiana Ivanova: University of Economics, Varna, Bulgaria

Nauchni trudove, 2019, issue 5, 311-324

Abstract: The article is a critical review, systematization, comparison and summary of the views on the role of the consumption for the dynamics of the economy from Cantillon to Keynes. Emphasis is placed on the alternatives of ideas, explained by the different assumptions and suggestions of the authors, and the changes in the economic conjuncture. In the context of the global crisis, the debate is revived, and the increasing demand is again one of the main opportunities for the implementation of the macroeconomic policy.

Keywords: consumption; economic growth (search for similar items in EconPapers)
JEL-codes: B51 B52 E1 E21 O4 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2019:i:5:p:311-324

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