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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