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 … 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. …