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Cambridge and Its Revolution: A Perspective on the Multiplier and Effective Demand

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  • NEVILLE CAIN

Abstract

The tendency of various scholarship has been so to interpret Kahn's multiplier article as to invite wonder that Keynes did not break through earlier to his consumption function and effective demand. And while Keynes was independently along this road it is difficult to believe that Jens Warming, deploying a personal propensity to save within the investment multiplier mechanism, did not help him to arrive. Ironically Kahn, who resisted Warming's innovation, did incidentally point the way to a formulation of the effective demand problem which was alternative to that of Keynes.

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  • Neville Cain, 1979. "Cambridge and Its Revolution: A Perspective on the Multiplier and Effective Demand," The Economic Record, The Economic Society of Australia, vol. 55(2), pages 108-117, June.
    • Handle: RePEc:bla:ecorec:v:55:y:1979:i:2:p:108-117
    DOI: 10.1111/j.1475-4932.1979.tb02210.x
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    References listed on IDEAS

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    1. D. E. Moggridge, 1973. "From the Treatise to The General Theory: An Exercise in Chronology," History of Political Economy, Duke University Press, vol. 5(1), pages 72-88, Spring.
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    Cited by:

    1. Neville Cain, 1984. "The Propagation of Keynesian Thinking in Australia: E. R. Walker 1933‐36," The Economic Record, The Economic Society of Australia, vol. 60(4), pages 366-380, December.

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