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 …

Keynes introduces the term 'effective demand' in chapter 3 of the General Theory as designating the point of … actually works will hopefully prove useful for future students of the economics of Keynes. …

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

Keynes introduces the term 'effective demand' in chapter 3 of the General Theory as designating the point of … actually works will hopefully prove useful for future students of the economics of Keynes. …

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

, 2009, Hartwig, 2007 and Hayes, 2007) on the topic of Keynes’s principle of effective demand as set out in The General … demand rather than simply their own industry price. Hayes retains Keynes’s definition of effective demand and price …-taking firms but introduces a division of entrepreneurs between employers and dealers which is not explicit in Keynes’s text. …

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 …

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 …