Abstract
The term ‘income–expenditure analysis’ serves as a short-hand expression for the dominant type of conceptual framework for macroeconomic analysis to emerge from the debate which crystallized around Keynes’s General Theory (Keynes 1936). As Coddington (1976) notes, income-expenditure analysis was not the only thing to be learned from the General Theory, but it has certainly been the dominant one, forming the central message of Keynesian economics as generally understood. Although the term does not appear to have been used by Keynes himself it is to be found, freely used, in the early works of exposition of the General Theory and the Keynesian Revolution. At the formal and simplest level it can be taken to refer to the 45° ‘Keynesian Cross’ diagram, at a more sophisticated level to the IS/LM analysis.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Barro, R., and H.I. Grossman. 1976. Money, employment and inflation. London/New York: Cambridge University Press.
Coddington, A. 1976. Keynesian economics: The search for first principles? Journal of Economic Literature, December. Reprinted in A. Coddington, Keynesian economics: The search for first principles. London: George Allen & Unwin, 1983.
Keynes, J. M. 1936. The general theory of employment, interest and money. Reprinted in The collected writings of John Maynard Keynes, vol. VII. London: Macmillan, 1971.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Artis, M. (2018). Income–Expenditure Analysis. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_726
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_726
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences