著者

松本 有一

出版者

関西学院大学

雑誌

經濟學論究 (ISSN:02868032)

巻号頁・発行日

vol.61, no.4, pp.35-46, 2008-04

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Professor Ono maintained that the Keynesian multiplier effect of public works had a serious fallacy (Ono 2006, 2007). In this note I will point out that Ono's criticism is based on his misunderstanding of Keynes' theory of multiplier and that the latter holds good for any period of time as long as the propensity to consume is suitably defined.