In case you haven’t noticed the list in the right sidebar, I have converted several classic posts to pages, for ease of access. Some have new names; many combine several posts on the same subject:
Moved to a new location.
The Economist offers an almost-balanced view of the Keynesian multiplier, starting with its inception in Keynes’s General Theory, its theoretical refinement by Alvin Hansen and Paul Samuelson, and subsequent theoretical and empirical work. This sums it up: “Decades after its conception, Keynes’s multiplier remains as relevant, and as controversial, as ever.” It’s relevant only in the sense that a lot of economists and policy-makers still believe in it. What it is is hogwash:
Now an addendum to this page.