Contents	12
	Illustrations	15
	Contributors	16
	The Keynesian multiplier: An introduction	20
	Part I Some views on the multiplier	26
	1 Three views of the multiplier	28
	2 John Maurice Clark’s contribution to the genesis of the multiplier analysis: A note with some related unpublished correspondence	51
	3 The multiplier relation as the pure theory of output and employment in a monetary production economy	77
	Part II Some critical insights on the multiplier	104
	4 The investment multiplier and income saving	106
	5 The intertemporal transmission of money in the endogenous monetary economy: A blessing from the past or a curiosity?	125
	6 The demise of the Keynesian multiplier revisited	139
	7 Consumption, investment and the investment multiplier	146
	Part III Toward a re-interpretation of the multiplier	170
	8 Kalecki and the multiplier	172
	9 The Keynesian multiplier: The monetary pre-conditions and the role of banks as defended by Richard Kahn’s 1931 paper – a horizontalist re-interpretation	187
	10 The multiplier, the principle of effective demand and the finance motive: A single coherent framework	200
	Index	212