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KEYNES' THEORY OF EFFECTIVE DEMAND REVISITED*

1982; Wiley; Volume: 21; Issue: 38 Linguagem: Inglês

10.1111/j.1467-8454.1982.tb00370.x

1467-8454

A. Asimakopulos,

Economic Theory and Institutions

Australian Economic PapersVolume 21, Issue 38 p. 18-36 KEYNES' THEORY OF EFFECTIVE DEMAND REVISITED* A. ASIMAKOPULOS, A. ASIMAKOPULOS McGill UniversitySearch for more papers by this author A. ASIMAKOPULOS, A. ASIMAKOPULOS McGill UniversitySearch for more papers by this author First published: June 1982 https://doi.org/10.1111/j.1467-8454.1982.tb00370.xCitations: 23 † *This paper was written after many discussions on this topic with my colleague J. C. Weldon. Their effect on my perceptions of the issues involved were such that it is very difficult to disentangle “prior claims for the ideas in this paper. In any case. Weldon first expressed in 1975 the point that Keynes definition of the aggregate demand function on page 25 of The General Theory has no basis in Keynes model. I am, of course, alone responsible for the writing of this paper and any errors that it might contain. I also gratefully acknowledge comments on an earlier draft from G. Caravelis, D. Patinkin, J. Robinson and L. Tarshis, and absolve them of any responsibility for any errors, and the interpretation of writings, in this paper. AboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1 A. Asimakopulos, “Keynes, Patinkin, Historical Time and Equilibrium Analysis”, Canadian Journal of Economics, vol. 6, 1975. 2 C. Casarosa, “The Microfoundations of Keynes's Aggregate Supply and Aggregate Demand Analysis”, Economic Journal, vol. 91, 1981. 3 Paul Davidson, Money and the Real World, 2nd ed. ( London : Macmillan, 1978). 4 F. 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