The Basic Model — the Consumption Sector

  • J. A. Kregel


The logic and operation of the post-Keynesian model is actually quite simple. It only appears difficult because we may not be accustomed to its method of analysis. The general approach presented here is founded in Joan Robinson’s ‘generalisation of the General Theory’, especially [85].


Capital Stock Real Wage Capacity Utilisation Consumption Good Investment Good 
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© J. A. Kregel 1973

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  • J. A. Kregel

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