Effective Demand

Joan Robinson

Chapter Chapter VI in An Essay on Marxian Economics, 1966, pp 43-51 from Palgrave Macmillan

Abstract: Abstract So far we have been discussing those parts of Marx’s argument which ignore the problem of effective demand — which treat, as he puts it, of the production of surplus value, as opposed to the realisation of surplus value. But he also provides the elements of a theory of effective demand, and lays the basis for a study of the law of motion of capitalism quite different from the law of the falling tendency of profits.

Keywords: Trade Cycle; Capital Good; Money Demand; Consumption Good; Fixed Capital (search for similar items in EconPapers)
Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-15228-5_6

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DOI: 10.1007/978-1-349-15228-5_6

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