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Effective Demand and Profit in the Long Period

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Profits in Economic Theory

Part of the book series: Radical Economics

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Abstract

In this chapter the simple model specified in the previous chapter will be extended so as to allow analysis of ‘long-period’ relationships. The term ‘long period’ in this context refers to periods in which the productive capacity of the economy can change, or, put alternatively, to a sequence of ‘short periods’.

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© 1983 Michael Howard

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Howard, M. (1983). Effective Demand and Profit in the Long Period. In: Profits in Economic Theory. Radical Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-17142-2_19

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