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The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...
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The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...
Persistent link: https://www.econbiz.de/10014582684
power requires accumulation to be measured in differential, not absolute, terms. For absentee owners, the main goal is not … mega-machine rather than a material artefact. Indeed, it is the social essence of capital which makes accumulation possible … accumulation” (DA), we examine the non-linear and possibly negative link between industrial growth and accumulation in the USA. …
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