An institutionalist’s Journey into the Years of High Theory. John M. Clark on the Accelerator, the Multiplier, and their Interaction

This note deals with the origins of Samuelson's multiplier-accelerator model. In clarifying the historical background of the model, we will offer a brief reconstruction of John Maurice Clark’s contributions to the ideas underlying the accelerator, the multiplier, and their interaction. We will show that 1) Clark’s theoretical contributions were quite significant, and 2) that they emerged out of the intellectual movement known as American Institutionalism

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Year of publication:	2006-05
Authors:	Fiorito, Luca
Institutions:	Dipartimento di Economia Politica e Statistics, Facoltà di Economia "Richard M. Goodwin"

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Extent:	application/pdf
Series:	Department of Economics University of Siena.
Type of publication:	Book / Working Paper
Language:	English
Classification:	B22 - Macroeconomics ; B31 - Individuals ; B25 - Historical; Institutional; Evolutionary; Austrian ; E20 - Consumption, Saving, Production, Employment, and Investment. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005704507