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Teaching Keynes’s principle of effective demand within the real wage vs. employment space
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Abstract(s)
This paper reviews several models for teaching Keynes’s principle of effective demand within the real wage vs. employment space and explores a simple extension of a model originally proposed by Lavoie (2003).
Description
Keywords
Keynes Effective Demand Employment Real Wage
Pedagogical Context
Citation
Andini, Corrado (2007). Teaching Keynes’s principle of effective demand within the real wage vs. employment space, "Working Paper Series", 6, 19 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.