Quote from: Money Topic

Keynesian modelling relies on marginal propensity to consume and marginal propensity to invest. The idea that if we give more money to the poor, they have a propensity to consume that's much higher than the wealthy, though I wish they would talk to my wife about that; she seems to have a propensity to consume.


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Author Bio


  • NameMyron Scholes
  • DescriptionCanadian economist
  • BornJuly 1, 1941
  • CountryCanada
  • ProfessionEconomist; Mathematician
  • AwardsNobel Memorial Prize In Economic Sciences