Abstract
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 language | English |
|---|---|
| Title of host publication | An Encyclopedia of Macroeconomics |
| Editors | B. Snowdon, H. Vane |
| Place of Publication | Cheltenham |
| Publisher | Edward Elgar Publishing |
| Pages | 1-5 |
| Number of pages | 5 |
| ISBN (Print) | 9781840643879 |
| Publication status | Published - 2002 |