Chapter 3 once more

  • Romar Correa Retired Reserve Bank of India Professor of Monetary Economics, University of Mumbai, India
Keywords: effective demand, Keynes comparative statics

Abstract

We revisit the famous chapter in Keynes’ General Theory (GT) with the tools of modern microeconomics to 1. derive expressions for the elasticity of the supply curve, 2. define effective demand, 3. draw out Keynes’ comparative statics. The reconstruction is inspired by the inhouse to and fro preceding and following the publication of the classic, collated in The Collected Writings (CW).

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Published
2018-11-20
How to Cite
Correa R. (2018). Chapter 3 once more. Iberian Journal of the History of Economic Thought, 5(2), 147-152. https://doi.org/10.5209/IJHE.62431
Section
Notes