Advertisement

The Theory of Investment

  • Hyman P. Minsky
Part of the Keynesian Studies book series (KST)

Abstract

Keynes characterized his contribution as “a theory of why output and employment are so liable to fluctuation” (QJE, p. 221). In the “pure” theory, where government and foreign demand are ignored, employment depends upon consumption and investment demand. Consumption demand is passive, as it “depends mainly on the level of income” (QJE, p. 219), that is, on the sum of consumption and investment demand.

Keywords

Interest Rate Cash Flow Money Supply Capital Asset Capitalization Rate 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Columbia University Press 1975

Authors and Affiliations

  • Hyman P. Minsky
    • 1
  1. 1.Washington UniversitySt. LouisUSA

Personalised recommendations