Effective Demand in the Short and in the Long Run
In the context of the special issue on Joseph Steindl we publish an original manuscript by the same author, containing a paper he presented at the 1990 edition of the â€œInternational Summer School for Advanced Economic Studiesâ€ (the Trieste School). The manuscript, written in July of 1990, deals with the short and long-run financing of effective demand, and its consequences on the distribution of income and the sustainability of debt and of economic growth, and contains several insights still very relevant today.
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