The Multiplier Process as Market Exchange process A Contribution to the micro Foundation of Keynesian macroeconomics ang Gong Feb.1995 The author is very grateful to Edward Nell, Willi Semmler, Duncan Foley, David Colander John Eatwell, Paul Davidson and william Milberg for their comments and suggestions on the arly draft of this paper R Dept, of economics, Graduate Faculty, New School for Social Research, 65 Fifth Ave. New York, NY 10003 093992@newschool.eduThe Multiplier Process as Market Exchange Process A Contribution to the Micro Foundation of Keynesian Macroeconomics Gang Gong# Feb., 1995 The author is very grateful to Edward Nell, Willi Semmler, Duncan Foley, David Colander, John Eatwell, Paul Davidson and William Milberg for their comments and suggestions on the early draft of this paper. # . Dept. of economics, Graduate Faculty, New School for Social Research, 65 Fifth Ave. New York, NY 10003. 093992@newschool.edu