‘Keynesian’ – claim to be Keynes’s most literal interpreters, or the ‘truest’ Keynesians (HOLT ET AL., 1998, p. 17). This paper … compares the Post Keynesian interpretation of the Principle of Effective Demand, i.e. the D/Z-model, with Keynes’s own …

The conventional wisdom about Keynes’s Principle of Effective Demand is that it states something about quantities. It …

Keynes’s essay “Relative Movements of Real Wages and Output” is widely believed to be an important amendment to his … General Theory because, in this essay, Keynes relaxed his core assumption of decreasing marginal returns to labour. Non … Demand. This will be demonstrated by performing – for the first time in the literature – numerical simulations with Keynes …

discards claims recently made in the literature concerning the importance of output heterogeneity for Keynes’s macroeconomic …