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  1. 1 Kozgazdasagi Szemle (Economic Review)

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  1. 1 Brody A.

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  1. 1 2005

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The multiplicator and its history.

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Brody A.
Kozgazdasagi Szemle (Economic Review)
|
2005
|
vol. 52
|
issue 4
402-416
EN
The multiplicator is a theoretical tool used by Keynes, to prove and calculate the beneficial effect of additional budget expenditure. The stimulant effect of the extra money was first described by Hume. Some version of the multiplicator principle, as a basic and frequently employed tool of economic analysis and examination of effects, has been examined by many authors. It is worth considering again, because it contains another message as well, which has yet to be recognized.
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