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. …

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. …

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. …

The claim that Keynes makes a tacit assumption in Chapter 3 of The General Theory, that short-term expectations are … clears the ground for a recognition that Keynes instead adopted the assumption of judicious foresight, which would now be … called short-term rational expectations. This recognition in turn should encourage a reappraisal of Keynes’s thought, by …

, 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. …

Marshall's notion of the representative firm can be read as a macro notion with some resemblance to Keynes' aggregative … concepts. Keynes' notions of aggregate demand and aggregate supply are fashioned after Marshall's definitions of demand and … supply. Keynes starts with the Marshallian equilibrium notion. The main innovation of Keynes--a conception of macroeconomic …