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dc.contributor.authorHartwig, Jochenen
dc.date.accessioned2011-11-01T13:38:09Z-
dc.date.available2011-11-01T13:38:09Z-
dc.date.issued2004-
dc.identifier.urihttp://hdl.handle.net/10419/50880-
dc.description.abstractThe conventional wisdom about Keynes's Principle of Effective Demand is that it states something about quantities. It is widely held that the Principle determines the levels of output and employment in a world not governed by Say's Law. This paper argues that the Principle of Effective Demand goes beyond this to explain not only real activity levels but also the aggregate price level. A variant of the Post Keynesian D/Z-model is brought together with Marxian reproduction schemes to derive this result.en
dc.language.isoengen
dc.publisher|aETH Zurich, KOF Swiss Economic Institute |cZurichen
dc.relation.ispartofseries|aKOF Working Papers |x95en
dc.subject.jelB14en
dc.subject.jelB22en
dc.subject.jelE20en
dc.subject.jelE31en
dc.subject.ddc330en
dc.subject.keywordEffective demanden
dc.subject.keywordmultiplieren
dc.subject.keywordPost Keynesianismen
dc.subject.keywordD/Z-modelen
dc.subject.keywordreproduction schemesen
dc.subject.stwGesamtwirtschaftliche Nachfrageen
dc.subject.stwMultiplikatoren
dc.subject.stwPreisniveauen
dc.subject.stwPostkeynesianismusen
dc.subject.stwTheorieen
dc.titleExplaining the aggregate price level with Keynes's principle of effective demand-
dc.typeWorking Paperen
dc.identifier.ppn477409466en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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