An artistically talented individual who whips out his/her thesis paper and quotes from it whenever possible.
I asked him about the weather and he totally Constantinides me for hours about how weather affects the tonality of an acoustic guitar.
by Mr_Nyx June 23, 2011
Get the Constantinides mug.Using your sociological imagination to completely bullshit your final paper for a sociology graduate student that doesn't understand what he or she is teaching.
by bewarnecke_00 December 18, 2014
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*noun*; in Keynesian economics, the rate at which aggregate consumption rises in response to a rise in national income.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
For example, suppose the marginal propensity to consume (MPC) is 0.95. If the national income is 100 billion dollars, and it rises 10%, then consumption will rise by 9.5 billion, and saving will rise by 0.5 billion.
If this theory is correct, then an expanding economy will suffer insufficient demand for its own output, and a recession will be inevitable.
This is why national governments respond to recessions with deficit spending: they are trying to counteract the MPC's effect on aggregate demand, and bring it in line with potential output.
Not only is the marginal propensity to consume weaker in a wealthy community, but, owing to its accumulation of capital being already larger, the opportunities for further investment are less attractive...
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
J.M. Keynes, *The General Theory of Employment, Interest, and Money* (1936), Ch.3
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Get the Consigliere mug.While most might think of a early morning walk when hearing this term, the term morning constitutional can also be used to define what happens when someone has to take a early morning bowel movement.
by Sam Goodspeed August 30, 2006
Get the morning constitutional mug.How Republicans, smart enough to know that the Republican Party platform is an embarassment, refer to themselves.
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