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Demand, Structural Interdependence, and Economic Provisioning.

Authors :
MONGIOVI, GARY
Source :
American Journal of Economics & Sociology; Nov2011, Vol. 70 Issue 5, p1147-1174, 28p
Publication Year :
2011

Abstract

Industrial and post-industrial economies are characterized by a high degree of structural interdependence. Once an economy attains a level of economic development in which the technology enables a substantial portion of the population to enjoy a standard of living significantly above subsistence, 'the material needs' of the system become difficult to define because they are interconnected with the relations of production in complex ways. In particular, demand comes to play a key role in the subsequent development of the system. This article presents an intersectoral model that integrates Keynesian and Kaleckian elements onto the classical surplus approach. The aim of the model is to provide a non-neoclassical framework that can be used to analyze how demand, income distribution, and production are interconnected. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00029246
Volume :
70
Issue :
5
Database :
Complementary Index
Journal :
American Journal of Economics & Sociology
Publication Type :
Academic Journal
Accession number :
67287516
Full Text :
https://doi.org/10.1111/j.1536-7150.2011.00812.x