Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64420 
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dc.contributor.authorCamara-Neto, Alcino F.en
dc.contributor.authorVernengo, Matíasen
dc.date.accessioned2011-04-06-
dc.date.accessioned2012-09-28T12:38:45Z-
dc.date.available2012-09-28T12:38:45Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/64420-
dc.description.abstractThis paper analyzes to what extent John Maynard Keynes was successful in showing that the economic system tends to fluctuate around a position of equilibrium below full employment in the long run. It is argued that a successful extension of Keynes's principle of effective demand to the long run requires the understanding of the contributions by Piero Sraffa and Nicholas Kaldor. Sraffa provides the basis for the proper dismissal of the natural rate of interest, while the incorporation by Kaldor of the supermultiplier and Verdoorn's Law allows for a theory of the rate of change of the capacity limit of the economy.en
dc.language.isoengen
dc.publisher|aThe University of Utah, Department of Economics |cSalt Lake City, UTen
dc.relation.ispartofseries|aWorking Paper |x2010-07en
dc.subject.jelB24en
dc.subject.jelE10en
dc.subject.ddc330en
dc.subject.keywordHistory of Macroeconomic Thoughten
dc.subject.keywordMacroeconomic Modelsen
dc.subject.stwKeynesianismusen
dc.subject.stwNeukeynesianische Makroökonomiken
dc.subject.stwDogmengeschichteen
dc.subject.stwTheorieen
dc.titleKeynes after Sraffa and Kaldor: Effective demand, accumulation and productivity growth-
dc.typeWorking Paperen
dc.identifier.ppn655839844en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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