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dc.contributor.author
Hartwig, Jochen
dc.date.accessioned
2017-06-12T17:33:48Z
dc.date.available
2017-06-12T17:33:48Z
dc.date.issued
2004-11
dc.identifier.uri
http://hdl.handle.net/20.500.11850/124519
dc.identifier.doi
10.3929/ethz-a-004871456
dc.description.abstract
The conventional wisdom about Keynes’s Principle of Effective Demand is that it states something about quantities. It is widely held that the Principle determines the levels of output and employment in a world not governed by Say’s Law. This paper argues that the Principle of Effective Demand goes beyond this to explain not only ‘real’ activity levels but also the aggregate price level. A variant of the Post Keynesian D/Z-model is brought together with Marxian reproduction schemes to derive this result.
dc.language.iso
en
dc.publisher
KOF, ETH Zürich
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
KEYNESIANISM (ECONOMIC THEORIES)
dc.subject
Post Keynesianism
dc.subject
Reproduction schemes
dc.subject
DEMAND (ECONOMIC THEORY)
dc.subject
MODELLRECHNUNG UND SIMULATION IN BETRIEBSWIRTSCHAFT
dc.subject
NACHFRAGE (WIRTSCHAFTSTHEORIE)
dc.subject
Effective demand
dc.subject
D/Z-model
dc.subject
KEYNESIANISMUS (WIRTSCHAFTSTHEORIEN)
dc.subject
Multiplier
dc.subject
MATHEMATICAL MODELING AND SIMULATION IN BUSINESS ECONOMICS
dc.title
Explaining the Aggregate Price Level with Keynes’s Principle of Effective Demand
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
KOF Working Papers
ethz.journal.volume
95
ethz.size
22 p.
ethz.code.ddc
3 - Social sciences::330 - Economics
ethz.notes
See also: http://e-citations.ethbib.ethz.ch/view/pub:188492.
ethz.identifier.nebis
004871456
ethz.publication.place
Zürich
ethz.publication.status
published
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich, direkt::00012 - Lehre und Forschung, direkt::00007 - Departemente, direkt::02120 - Departement Management, Technologie und Ökonomie / Department of Management, Technology, and Economics::02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
ethz.identifier.url
http://dx.doi.org/10.3929/ethz-a-004871456
ethz.date.deposited
2017-06-12T17:33:55Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366a834f88b79291
ethz.identifier.importid
imp593654ff6866d41339
ethz.ecolpid
eth:27565
ethz.ecitpid
pub:187027
ethz.eth
yes
ethz.availability
Open access
ethz.rosetta.installDate
2017-07-31T16:01:09Z
ethz.rosetta.lastUpdated
2017-07-31T16:01:09Z
ethz.rosetta.versionExported
true
ethz.COinS
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