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
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).
Source Wikipedia
Additional Source Keynesian economics (Wikipedia)Article text
Concepts Originated
Source Wikipedia
Additional Source Fiscal multiplier (Wikipedia)Fiscal multiplier, History section
In the Other Atlases
Nationality
Also in Geography Atlas: the nationality of this subject.
Sources
1. Wikipedia
Wikimedia FoundationLead section / multiplierQuote, Lead section / multiplier
His most notable contribution to Keynesian economics was his principle of the multiplier.
Richard Kahn (Wikipedia)
Lead section
Richard Kahn may refer to: Richard Kahn, Baron Kahn (1905-1989), British economist Richard C.
Article text
Richard Kahn may refer to: Richard Kahn, Baron Kahn (1905-1989), British economist Richard C.
View the SourceFiscal multiplier (Wikipedia)
Concepts Originated: Fiscal Multiplier, Fiscal multiplier, History sectionView the Source Keynesian economics (Wikipedia)
WikipediaAssociated With School: Keynesian Economics, Article textQuote, Associated With School: Keynesian Economics, Article text
This became the mechanism of the "ratio" published by Richard Kahn in his 1931 paper "The relation of home investment to unemployment", described by Alvin Hansen as "one of the great landmarks of economic analysis".
History of Economic Thought Website: Richard Kahn profile
History of Economic Thought WebsiteIn Group: Keynesian and Post-Keynesian Macroeconomists, Profile pageQuote, In Group: Keynesian and Post-Keynesian Macroeconomists, Profile page
Kahn, nonetheless, bore his mentor no grudge and instead rose to be one of the leading figures of the Cambridge Keynesians .
Reader Challenges (0)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.