Re: DISC -- Multiplier- accelerator model

[Claude Gnos <claude.gnos@xxxxxxxxxxxxxx>]

At 10:43 25/05/01 -0400, you wrote:
>Dear Barkley:
>A short note on point below.
>
>>>2)  Although one reads frequently that R.F. Kahn "discovered" or
>"invented" the
>multiplier (according to Keynes, anyway), I do not know where he
>published that
>result, if he even did.
>
>The well known paper by Khan "The relation of home investment to
>employment" in
>the Economic Journal 41, June 1931, pp 173-98, is the classic reference
>on the
>multiplier.  I think it is not controversial at all the fact that Khan
>"discovered" or
>"invented" the multiplier
>
>Best,
>
>Matias


Hi Matias:

Many years ago, I was told that Ohlin made use of the multiplier as early
as 1929.  Kahn would have invented the term '"multiplier", only.
Unfortunetaly, I have no reference to give.
>
>
>_Claude
Claude Gnos
Centre d'Etudes monétaires et financières
Latec et Université de Bourgogne
Pôle d'Economie et de Gestion
2 bd Gabriel
BP. 26611
F- 21066 DIJON CEDEX