26 de mar. de 2013

expenditures: changes in the ownership of money


A Rehabilitation of Say’s Law (W. H. Hutt)
- Highlight Loc. 913-14  | Added on Sunday, March 25, 2012, 07:18 AM

The reasons in this case are unconnected with the Keynesian multiplier thesis, which depends upon “expenditures”—changes in the ownership of money.