Allain, Olivier; Hartwig, Jochen; Hayes, Mark - Post Keynesian Economics Study Group - PKSG - 2013
, 2009, Hartwig, 2007 and Hayes, 2007) on the topic of Keynes’s principle of effective demand as set out in The General …. Allain’s solution is to redefine effective demand so that it becomes the end point of a process of convergence of … demand rather than simply their own industry price. Hayes retains Keynes’s definition of effective demand and price …