Absolute Income Hypothesis: John Maynard Keynes, James Tobin, Income - Softcover

Softcover

ISBN 10: 6137212157 ISBN 13: 9786137212158

Verlag: OmniScriptum, 2026

Inhaltsangabe

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Absolute Income Hypothesis is theory of consumption proposed by English economist John Maynard Keynes, and has been refined extensively during the 1960s and 1970s, notably by American economist James Tobin. The theory examines the relationship between income and consumption, and asserts that the consumption level of a household depends on its absolute level of income. As income rises, the theory asserts, consumption will also rise but not necessarily at the same rate. Marginal propensity to consume is present in Keynes' consumption theory and determines by what amount consumption will change in response to a change in income. While this theory has success modeling consumption in the short term, attempts to apply this model over a longer time frame have proven less successful. This has led to the absolute income hypothesis falling out of favor as the consumption model of choice for economists.

Details zur Ausgabe

• Verlag: OmniScriptum
• Erscheinungsdatum: 2026
• Sprache: Englisch
• ISBN 10: 6137212157
• ISBN 13: 9786137212158
• Einband: Tapa blanda
• Anzahl der Seiten: 52
• Herausgeber: Angelus Jerold
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar