Moeda e Acumulação de Capital: O Debate Keynes Versus Robertson Sobre a Poupança Forçada

This essay´s fundamental objective consists in identify and review the main elements defining the debate involving John Maynard Keynes and Dennis Robertson, mainly in the 1930´s, about the forced saving theory as opposed to the Keynesian multiplier analysis. The essay consists in four sections, beyond an introduction and concluding remarks. First, we approach the intellectual relationship between the two economists in the period before the General Theory and the Robertsonian development of the forced saving doctrine. Following, the Keynesian criticism to these ideas, culminating with his General Theory. The subsequent section focuses on Robertson´s reaction in this context. In the conclusion we present the Keynes´s answer and consequent introduction of “finance motive” in his preference liquidity theory.