scholarly journals A Keynesian Model Extended by Explicit Demand and Supply Functions for Investment Goods.

1963 ◽  
Vol 73 (289) ◽  
pp. 109 ◽  
Author(s):  
Amartya Kumar Sen ◽  
B. Thalberg
Econometrica ◽  
1963 ◽  
Vol 31 (4) ◽  
pp. 781
Author(s):  
Balder von Hohenbalken ◽  
Bjoern Thalberg

1991 ◽  
Vol 13 (2) ◽  
pp. 175-183 ◽  
Author(s):  
Giovanni A. Caravale

The present note is a development of a paper I presented some four years ago at the 1987 meeting of the History of Economics Society (Caravale 1987), and that was later published in Rivista di Politico Economica in an expanded version (Caravale 1988). The aim of these two writings was to emphasize that—contrary to what is often maintained—demand conditions play a fundamental role in classical and classical-type theories. This role is different from that played by demand in neoclassical theories (where equilibrium prices are determined by demand and supply functions), and is so to speak “internal” to the theory of natural equilibrium since it is connected with the definition, for each situation, of the Smithian “point of effectual demand.” Before turning to the specific object of this note, let me recall very briefly the main points of the general thesis developed in the above-mentioned papers.


1964 ◽  
Vol 19 (2) ◽  
pp. 240-283 ◽  
Author(s):  
Karl Brunner ◽  
Allan H. Meltzer

1982 ◽  
Vol 9 (2) ◽  
pp. 249-261 ◽  
Author(s):  
Dinesh K. Marothia ◽  
William E. Phillips

2020 ◽  
Vol 9 (3) ◽  
pp. 59
Author(s):  
Alqi Naqellari

In this paper is analyzed the demand and supply side from the perspective of Marxist theory. The supply and demand side is both analyzed with their respective characteristics in capitalism, socialism and in a mixed economy. The possibilities of a macroeconomic equilibrium by considering the following concepts such as commodity, value, price, profit are analyzed. The aim of this paper is: to develop through a non-exhaustive analysis, the common features and differences between macroeconomic models of the aggregate market in the two systems, to build the aggregate market of a macroeconomic model by taking into account these characteristics and to emphasize its importance for the economy. In conclusion, differences between concepts related to macroeconomic equilibrium were identified. A new equilibrium model for the socialist and capitalist model was built. In centralized economies, demand and supply curve lies in a parallel curve with the X-axis, were domestic product is placed. In the market economy model, the demand and supply curve has a positive slope and stretch simultaneously over the market price line. They do not intersect with each other as in the Classical and Keynesian model. This market model applies to the economy. It allows governments, central banks, research institutions, universities, various researchers, etc. to analyze macroeconomic indicators. In this paper, the model is applied to the Albanian economy. In this paper, we used the methods of analysis and synthesis, comparison and description, the method of creating virtual market models, etc.


2019 ◽  
Vol 8 (1) ◽  
pp. 81-95
Author(s):  
Marwa Shibl Biltagy

Education provides good health, empowerment and employment to all people in the society. Accordingly, education can make a lifelong difference in individuals’ lives. It is proved that, on average, there is a positive relationship between each additional year of schooling and the income of an individual. The main objective of this paper is to estimate the demand and supply functions for schooling in Egypt using the data of the Egypt Labor Market Panel Survey 2012. It is estimated that the private rate of return to education is 4.5%. Moreover, the rate of return to the number of years of experience is 2.6%, i.e. each additional year of experience will increase the earnings of an individual by 2.6% on average. It is concluded that individuals from poor families have an increased likelihood of receiving financial aid, which decreases their discounting rate of interest.


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