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Effective Demand: Securing the Foundations

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  • Olivier Allain

    ()
    (CES - Centre d'économie de la Sorbonne - CNRS : UMR8174 - Université Paris 1 - Panthéon-Sorbonne)

Abstract

A panel session was organised at the 5th "Dijon" Post-Keynesian Conference (Roskilde University - 13th-14th May 2011) in order to confront three recent interpretations of Keynes's principle of effective demand: that of Hartwig (2007), Hayes (2007) and Allain (2009). Allain's comments on Hartwig and Hayes articles are developed in the present contribution.

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Bibliographic Info

Paper provided by HAL in its series Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) with number hal-00606976.

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Date of creation: 13 May 2011
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Publication status: Published - Presented, 5th "Dijon" Post-Keynesian Conference, 2011, Roskilde, Denmark
Handle: RePEc:hal:cesptp:hal-00606976

Note: View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00606976
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Keywords: Keynesian economics; General Theory; macroeconomics; effective demand; short-term expectations;

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  1. Mark Hayes, 2007. "The Point of Effective Demand," Review of Political Economy, Taylor & Francis Journals, vol. 19(1), pages 55-80.
  2. Olivier Allain, 2006. "Effective demand and short-term adjustments in the General Theory," Cahiers de la Maison des Sciences Economiques bla06018, Université Panthéon-Sorbonne (Paris 1).
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