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Chapter XII The System of the Shifting Equilibrium
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Chapters in this book
- Front Matter i
- Biographical Note v
- Foreword xii
- Preface xix
- Contents xxii
- Introduction 1
- The Character of the Keynesian System and its Units 7
- The Role of Expectations in the Keynesian System 26
- Rates of Interest and Long-Period Equilibrium 38
- The Demand for Money and the Constitution of the Liquidity Function L1 52
- The Rate of Interest and the Demand for Money 67
- Definitions and Assumptions Connected with the Multiplier Functions 91
- The Average and Marginal Propensities to Consume 101
- The General Concept of the Multiplier 117
- The Process of Valuation in the Investment-Goods Industries 130
- The Marginal Efficiency of Capital and the Investment Functions 141
- The System of the Shifting Equilibrium 152
- The Field of the Shifting Equilibrium 162
- Implications 181
- Index 185
Chapters in this book
- Front Matter i
- Biographical Note v
- Foreword xii
- Preface xix
- Contents xxii
- Introduction 1
- The Character of the Keynesian System and its Units 7
- The Role of Expectations in the Keynesian System 26
- Rates of Interest and Long-Period Equilibrium 38
- The Demand for Money and the Constitution of the Liquidity Function L1 52
- The Rate of Interest and the Demand for Money 67
- Definitions and Assumptions Connected with the Multiplier Functions 91
- The Average and Marginal Propensities to Consume 101
- The General Concept of the Multiplier 117
- The Process of Valuation in the Investment-Goods Industries 130
- The Marginal Efficiency of Capital and the Investment Functions 141
- The System of the Shifting Equilibrium 152
- The Field of the Shifting Equilibrium 162
- Implications 181
- Index 185