The principle of effective demand under modern finance: An exploration in the traditions of Kalecki and Keynes
The paper explores the principle of effective demand in the context of modern financialization. The traditional “two-sector” model is extended to include banking and finance sectors to examine the implications of the interaction between real and financial sector for effective demand in a cl...
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| Format: | Article |
| Language: | English |
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Economists' Association of Vojvodina
2018-01-01
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| Series: | Panoeconomicus |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2018/1452-595X1803267R.pdf |