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.
|Title of host publication||An Encyclopedia of Macroeconomics|
|Editors||B. Snowdon, H. Vane|
|Place of Publication||Cheltenham|
|Publisher||Edward Elgar Publishing|
|Number of pages||5|
|Publication status||Published - 2002|