Effective Demand, Employment and Capital Utilisation in the Short Run

Heinz Kurz

Cambridge Journal of Economics, 1990, vol. 14, issue 2, 205-17

Abstract: This paper attempts to help clarify the many-faceted notion of capital utilization in the theory of effective demand. The problem is dealt with in terms of a simple two-sector model. Two aspects of capital utilization are distinguished: (1) the microeconomic aspect of the choice among alternative systems of operation of plant and equipment; and (2) the macroeconomic aspect of which proportion of the existing capital stock will actually be used. Some support is provided for the view that the short run is sometimes a "cooperative game" in which both labor and capital gain. Copyright 1990 by Oxford University Press.

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (12)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:oup:cambje:v:14:y:1990:i:2:p:205-17

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().