The introductory chapter provides the main motivation regarding the central theme of this work which is the history of consumption function and its methodological and economic policy dimensions. The book begins with the origins and the main ideas regarding aggregate consumption before the seminal contribution of John Maynard Keynes, and finishes with the latest theoretical and methodological developments. It focuses on the conceptual development and on the methodological framework in which consumption theories were devised. Further, the work brings into the fore the important economic policy implications associated to various consumption formulations. In general, the interpretation that is offered here connects the history of consumption function to important methodological developments and to the ensuing shifts in economic policy recommendations.

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General Introduction

  • Stavros A. Drakopoulos

摘要

The introductory chapter provides the main motivation regarding the central theme of this work which is the history of consumption function and its methodological and economic policy dimensions. The book begins with the origins and the main ideas regarding aggregate consumption before the seminal contribution of John Maynard Keynes, and finishes with the latest theoretical and methodological developments. It focuses on the conceptual development and on the methodological framework in which consumption theories were devised. Further, the work brings into the fore the important economic policy implications associated to various consumption formulations. In general, the interpretation that is offered here connects the history of consumption function to important methodological developments and to the ensuing shifts in economic policy recommendations.