Economists
Richard Kahn
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Richard Kahn was a British economist and a Fellow of King's College, Cambridge, who worked closely with John Maynard Keynes through the 1930s. His 1931 paper on the relation of home investment to unemployment set out the fiscal multiplier, the argument that an initial round of government spending becomes someone else's income, part of which is spent again, so total output rises by more than the initial outlay, a result that became a foundation of the case for public works spending in a depressed economy.
Facts
Cross-Tradition Connections
Associated With School
Wikipedia's own infobox names Keynesian economics as Kahn's school or tradition. He was one of the five members of Keynes' Cambridge Circus and one of Keynes' closest collaborators on The General Theory, introducing the multiplier in his own 1931 article that Keynes built into the book's policy argument (already recorded on this atlas via the Fiscal Multiplier concept).
Concepts Originated
Sources
1. Wikipedia
Wikimedia FoundationLead section / multiplierQuote, Lead section / multiplier
His most notable contribution to Keynesian economics was his principle of the multiplier.
1. Wikipedia
Wikimedia FoundationConcepts Originated: Fiscal Multiplier, Fiscal multiplier, History sectionView the Source 1. Wikipedia
Wikimedia FoundationAssociated With School: Keynesian Economics, Richard Kahn, Baron Kahn, Lead sectionQuote, Associated With School: Keynesian Economics, Richard Kahn, Baron Kahn, Lead section
Kahn was one of the five members of Keynes' Cambridge Circus... one of Keynes' closest collaborators on the creation of Keynes' General Theory of Employment, Interest and Money.
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