2020 Help me understand this report
On “effectual demand” and the “extent of the market” in Adam Smith and David Ricardo
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Cited by 2 publications
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“…Caldentey adopts the position (p. 223, n. 9) that in classical economics, 'savings is investment' and therefore 'supply is the same thing as demand and capacity is fully utilized'. The latter is an interpretation I have challenged in Thomas (2021) by focusing on the analytical roles of 'effectual demand' and 'extent of the market' in Smith and Ricardo.…”
Section: On Classical Economicsmentioning
confidence: 99%
“…Caldentey adopts the position (p. 223, n. 9) that in classical economics, 'savings is investment' and therefore 'supply is the same thing as demand and capacity is fully utilized'. The latter is an interpretation I have challenged in Thomas (2021) by focusing on the analytical roles of 'effectual demand' and 'extent of the market' in Smith and Ricardo.…”
Section: On Classical Economicsmentioning
confidence: 99%
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