The Effective Demand Fraud

Robert Clower
Additional contact information
Robert Clower: University of South Carolina

Eastern Economic Journal, 1994, vol. 20, issue 4, 377-385

Abstract: This paper argues that Keynes's "theory of effective demand" merely restates in outwardly novel aggregative terms ideas that are part and parcel of "classical theory," and so adds nothing of substance to orthodox doctrine. The aim of the paper is to impugn neither The General Theory nor contemporary Keynesian Economics, but simply to call attention to the analytical vacuousness of the effective demand theme in Keynes' 1936 analysis.

Keywords: Effective; Demand (search for similar items in EconPapers)
JEL-codes: B22 E12 (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://web.holycross.edu/RePEc/eej/Archive/Volume20/V20N3P377_385.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eej:eeconj:v:20:y:1994:i:4:p:377-385

Access Statistics for this article

Eastern Economic Journal is currently edited by Cynthia A. Bansak, St. Lawrence University and Allan A. Zebedee, Clarkson University

More articles in Eastern Economic Journal from Eastern Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Victor Matheson, College of the Holy Cross ().