Moeda e acumulação de capital: Keynes, Robertson e o conceito de poupança
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Data
2014-09
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Resumo
This paper retrieves the central elements of Keynes’s and Robertson’s views
about the concept of saving during the 1920s and 1930s. The first section covers the
partnership between both economists at the beginning of the period, as well as their respective
theories on the behavior of the multiple types of savings, particularly the ones
of compulsory nature, along the cyclical process of capital accumulation. After that,
the principle of effective demand and the multiplier theory, as developed in Keynes’
General Theory, are examined in order to identify how these ideas moved away from
the kind of analysis associated with the forced saving doctrine. Following this, the attention
is focused on Robertson’s criticisms of the income-multiplier mechanism. The last
section discusses Keynes’s counter argument, especially the adjustment he conducted
in his theory of investment by incorporating the notion of finance into the liquidity
demand function. The concluding remarks sum up the debate, pointing out its main
theoretical repercussions.
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Saving, Poupança, Investment, Finance, Multiplier, Investimento, Multiplicador, Fundos financeiros
Citação
MEYRELLES FILHO, Sérgio Fornazier; ARTHMAR, Rogério. Moeda e acumulação de capital: Keynes, Robertson e o conceito de poupança. Análise Econômica, Porto Alegre, v. 32, n. 62, p. 251-276, set. 2014.