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Effective Demand: Origins and Development of the Notion

In: Distribution, Effective Demand and International Economic Relations

Author

Listed:
  • J. A. Kregel
  • P. Garegnani
  • G. C. Harcourt
  • Edward J. Nell

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.

Suggested Citation

  • J. A. Kregel & P. Garegnani & G. C. Harcourt & Edward J. Nell, 1983. "Effective Demand: Origins and Development of the Notion," Palgrave Macmillan Books, in: J. A. Kregel (ed.), Distribution, Effective Demand and International Economic Relations, chapter 2, pages 50-103, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-17177-4_2
    DOI: 10.1007/978-1-349-17177-4_2
    as

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