Keynes and Ricardo on consumption

Thomas, Alex M. (2025) Keynes and Ricardo on consumption. Cambridge Journal of Economics. pp. 1-16. ISSN 1464-3545

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Abstract

While Keynes is famous for giving importance to demand/consumption, Ricardo is infamous for not. In this paper, I revisit the views on consumption found in Keynes and Ricardo. Such a comparative exercise allows us to identify and isolate the surprising similarities between Keynes and Ricardo—on the question of consumption. Such a comparison, it will be seen, also allows us to understand Ricardo’s position on Say’s Law in a more nuanced manner.

Item Type:	Article
Authors:	Thomas, Alex M.
Document Language:	Language English
Uncontrolled Keywords:	Keynes, Ricardo, Consumption, Habits, Propensity to consume JEL classifications: B12, B22, B31
Subjects:	Social sciences Social sciences > Economics Social sciences > Economics > Macroeconomics & related topics
Divisions:	Azim Premji University - Bengaluru > School of Arts and Sciences
Full Text Status:	Restricted
Related URLs:	Publisher
URI:	http://publications.azimpremjiuniversity.edu.in/id/eprint/6410
Publisher URL:	https://academic.oup.com/cje/advance-article-abstr...

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