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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.

Myron Scholes

Biography

Author Profession: Economist
Nationality: Canadian
Born: July 1, 1941

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