We take it as a fundamental psychological rule of any modern community that, when its real income is increased, it will not increase its consumption by an equal absolute amount.


General Theory (1936)

John Maynard Keynes Quotes

We take it as a fundamental psychological rule of any modern community that, when its real income is increased, it will not increase its consumption...

We take it as a fundamental psychological rule of any modern community that, when its real income is increased, it will not increase its consumption...

We take it as a fundamental psychological rule of any modern community that, when its real income is increased, it will not increase its consumption...

We take it as a fundamental psychological rule of any modern community that, when its real income is increased, it will not increase its consumption...