Incomes relations with consumption. Mathematical formulation of J. Keynes's lawJournal: Economic Cybernetics. International scientific journal (Vol.57, No. 2)
Publication Date: 2009-08-31
Authors : Prisnyakov V. F.;
Page : 4-16
Keywords : Incomes; consumption; Mathematical formulation; J. Keynes's law; the basic psychological law';
The mathematical model is made and the solution for Keynes's law is received, which known as "the basic psychological law" for connects incomes and consumption. The calculation formula is compared with the empirical data. The formula for savings is received.
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