The Relevance of the Keynesian Multiplier Process After Sixty Years

Paul Dalziel

History of Economics Review, 1996, vol. 25, issue 1, 221-231

Abstract: For many commentators the Keynesian multiplier result that investment expenditure equals voluntary saving was the key result in The General Theory. The major theme of this article is that a correct understanding of the multiplier process by which this equality is achieved is just as important as the result itself. The relevance of this claim is illustrated in the context of the FitzGerald Report’s (1993) claim that national saving in Australia is too low.

Date: 1996
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DOI: 10.1080/10370196.1996.11733234

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