{"title":"Extending the “principle of effective demand” – did Keynes produce an ad hoc tautology?","authors":"Sheetal K. Chand","doi":"10.1080/01603477.2024.2374573","DOIUrl":null,"url":null,"abstract":"Keynes extended his Principle of Effective Demand (PED), which explains how effective demand determines employment, to cover changes in effective demand and, inter alia, their price and output effe...","PeriodicalId":47197,"journal":{"name":"Journal of Post Keynesian Economics","volume":"59 1","pages":""},"PeriodicalIF":0.6000,"publicationDate":"2024-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Post Keynesian Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1080/01603477.2024.2374573","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ECONOMICS","Score":null,"Total":0}
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Abstract
Keynes extended his Principle of Effective Demand (PED), which explains how effective demand determines employment, to cover changes in effective demand and, inter alia, their price and output effe...
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The Journal of Post Keynesian Economics is a scholarly journal of innovative theoretical and empirical work that sheds fresh light on contemporary economic problems. It is committed to the principle that cumulative development of economic theory is only possible when the theory is continuously subjected to scrutiny in terms of its ability both to explain the real world and to provide a reliable guide to public policy.
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