John Maynard Keynes

• The Simple Keynesian Model of Aggregate Demand: Equilibrium: a chapter on "how the interaction of income and expenditure might lead to something like an 'equilibrium' with unemployment"
• Business Fluctuations in the Simple Keynesian Model: "This chapter extends the Keynesian model to allow for changing autonomous consumption,
  investment, and net exports, and the influence of these changes in causing business fluctuations."
• Fiscal Policy and the Simple Keynesian Model: "This chapter extends the Keynesian model to allow for changing government spending and taxes, and explores the possibility that government might influence the level of production and employment by means of budgetary or "fiscal" policy."
• The Complete Keynesian Model of Aggregate Demand: "This chapter extends the Keynesian model to include the interest rate as a link between the
  quantity of money and investment. In this way, we integrate the monetary system into the Keynesian approach, gain more understanding of influences on investment spending, and provide a basis for the "Aggregate Demand Curve" in the Aggregate Supply and Demand Approach."

Return to Global Economy