Effective Demand: Origins and Development of the Notion

Jan Kregel, Pierangelo Garegnani, Geoffrey Harcourt and Edward J. Nell

Chapter 2 in Distribution, Effective Demand and International Economic Relations, 1983, pp 50-103 from Palgrave Macmillan

Abstract: Abstract During the last few days much has been said and written about “long-period” and “short-period” theories of “effective demand”. While the original purpose of this paper was to try to clarify, from a Keynesian perspective, what may be meant by the term effective demand, it is obvious that the terms long- and short-period also bear definition. I shall thus commence with a digression on what I shall intend by these terms.

Keywords: Interest Rate; Relative Prex; Full Employment; Capital Asset; Natural Position (search for similar items in EconPapers)
Date: 1983
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-17177-4_2

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DOI: 10.1007/978-1-349-17177-4_2

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