Absolute income hypothesis

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The Absolute Income Hypothesis (AIM) is a theory of consumption that is closely associated with the work of Keynes - in particular, The General Theory of Employment, Interest and Money (GTEIM), published in 1936. Indeed, the AIH has the interpretation of a simple representation of the more quantitative aspects of Keynes’s views concerning the determination of aggregate consumption expenditure.
Original languageEnglish
Title of host publicationAn Encyclopedia of Macroeconomics
EditorsB. Snowdon, H. Vane
Place of PublicationCheltenham
PublisherEdward Elgar Publishing
Number of pages5
ISBN (Print)9781840643879
Publication statusPublished - 2002


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