Kahn formulates the Keynesian multiplier
Citations (1)
- The Relation of Home Investment to Unemployment whole source
Economic Journal record for Kahn multiplier article.
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Consequences
what this set in motion, following the causal links
- enabled Publication of The General Theory 1936 The multiplier became one of the mechanisms behind demand-management policy.
- enabled Hicks turns Keynes into the IS-LM diagram 1937 Hicks formalized a teachable model from Keynes book.
- enabled Congress passes the Employment Act of 1946 1946 Keynesian economics made full-employment policy intellectually legible after the war.
- preceded Samuelson's Economics mainstreams the Keynesian synthesis 1948 Policy adoption and textbook synthesis reinforced each other in the postwar settlement.
People
- Richard Kahn author
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Linked events (1)
- this enabled Publication of The General Theory