APPLICATION OF MEAN PROPENSITY TO CONSUMPTION AND INTEREST RATE OF KEYNES THEORY AND THE APPLICATION OF COBB-DOUGLAS MODEL AND SOLOW THEORY IN THE GREEK RURAL ECONOMY

Abstract

In this project we aren’t trying to make a criticism in the theory and the indications of Solow and Keynes. And so correctly as Keynes comments very equitably... 'Moreover, the characteristics of special case, which the classic theory was accepting , happened to be not those of economy in which we really live, the result is in teaching of classic theory of being misleading and disastrous if we try to apply it in the facts of the daily experience'.basic econometrics, mean propensity to consumption, Cobb- Douglas model, Solow theory