The classical-Keynesian approach and the Theory of the Social Role of Consumption
DOI:
https://doi.org/10.13133/2037-3651/17866Keywords:
consumption, classical political economy, theory of growth, Keynes, GaregnaniAbstract
The aim of this paper is to carry out a review of the literature regarding the role of aggregate consumption expenditure in the long run, within a theoretical approach that has its roots in classical political economy and Keynesian theory. In addition, the paper discusses, in the light of the history of economic thought, the theory of the social role of consumption as an explanation of the level and composition of consumption expenditure.
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