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Erschienen in:
1989 | OriginalPaper | Buchkapitel
The Principle of Effective Demand
verfasst von : Gordon A. Fletcher
Erschienen in: The Keynesian Revolution and its Critics
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The neutral-money, real-exchange economy of economic orthodoxy is typically encapsulated in a theoretical model which assumes away the uncertainties and foibles of the real world by allowing full information and perfect foresight. With given resources and known wants, it would be possible to formulate plans which would produce optimal results for each individual; while for the economy as a whole a path consistent with equilibrium would be determined from the outset.