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Behavioral Foundations for the Keynesian Consumption Function

  • Fabio D'Orlando

    (University of Cassino)

  • Eleonora Sanfilippo

    (University of Cassino)

This paper has two main goals. The first is to show that behavioral rather than maximizing principles emerge from textual analysis as the microeconomic foundations for Keynes’s Consumption Theory; the second goal is to demonstrate that it is possible to ground a Keynesian-type aggregate Consumption function on the basis of (some of) the principles underlying contemporary behavioral models

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Paper provided by Universita' di Cassino, Dipartimento di Scienze Economiche in its series Working Papers with number 2008-05.

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Length: 15 pages
Date of creation: May 2008
Date of revision:
Handle: RePEc:css:wpaper:2008-05
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