The Social Significance of Consumption and the Elasticity of Output to Demand in the Long Run: A Reply to Gualerzi

Attilio Trezzini ()

Review of Political Economy, 2017, vol. 29, issue 1, 157-161

Abstract: Gualerzi's comment on Trezzini’s 2015 article (‘Growth without Normal Capacity Utilization and the Meaning of the Long-Run Saving Ratio.’) underestimates the role played by the long-run elasticity of output with respect to changes in aggregate demand in my analysis and in the demand-led processes of growth.

Date: 2017
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DOI: 10.1080/09538259.2016.1243690

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