%0 Journal Article
%T A Kind of Neither Keynesian nor Neoclassical Model (1): The Fundamental Equation
%A MingˇŻan Zhan
%A Zhan Zhan
%J Open Access Library Journal
%V 3
%N 11
%P 1-16
%@ 2333-9721
%D 2016
%I Open Access Library
%R 10.4236/oalib.1103207
%X <div style="text-align:justify;">
	<span style="line-height:1.5;">This paper is different from the existing
macroeconomic theory. It derives the relationship between the various
macroeconomic variables from the Cobb-Douglas function, and uses statistical data in United States to verify these
equations. We find that the Cobb-Douglas function is obtained in the case that the
marginal output is not 0, therefore it is a function with dynamic properties. On this basis, we use the difference
between the compound output and simple output to determine the incremental
output of a period, and its relationship with capital, interest rate, investment and other variables. These relations
not only deny the premise of Keynesian theory, but also because the proof of
the investment is not equal to the incremental capital, leaving the investment,
output growth, business cycle and other neoclassical theory crisis.</span>
</div>
%K Cobb-Douglas Production Function
%K Output
%K Interest Rate
%K Investment
%U http://www.oalib.com/paper/5276833