THE USE AND ABUSE OF AGGREGATE DEMAND AND SUPPLY FUNCTIONS

1996 ◽  
Vol 64 (2) ◽  
pp. 189-207 ◽  
Author(s):  
J. W. NEVILE ◽  
B. BHASKARA RAO
Keyword(s):  
Aggregate Demand ◽  
Demand And Supply ◽  
Supply Functions

On the Role of Demand in Ricardo and Marshall

1991 ◽  
Vol 13 (2) ◽  
pp. 175-183 ◽  
Author(s):  
Giovanni A. Caravale
Keyword(s):  
Present Note ◽  
Classical Type ◽  
Demand And Supply ◽  
History Of Economics ◽  
Equilibrium Prices ◽  
Supply Functions ◽  
Specific Object ◽  
History Of ◽  
Natural Equilibrium

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.

The International Economy: Bind or Boon?

2018 ◽  
Vol 246 ◽  
pp. R50-R63 ◽  
Author(s):  
Jagjit S. Chadha
Keyword(s):  
Aggregate Demand ◽  
Aggregate Fluctuations ◽  
Domestic Activity ◽  
Macroeconomic Dynamics ◽  
Demand And Supply ◽  
Factor Markets ◽  
The Uk ◽  
External Sector ◽  
The Impact ◽  
Modern Era

The Institute has long examined overseas developments in order to understand better domestic macroeconomic dynamics. The organising principle for much of the postwar period was simply the impact on net trade with an implicit view on whether the exchange rate was at an appropriate level and, as such, the external sector was viewed as a constraint on domestic activity. Increasingly integrated factor markets in the modern era of globalisation means that the overseas sector plays a fundamental role in the evolution of both aggregate demand and supply in the UK economy and it is increasingly hard to disentangle the overseas from the domestic sectors. It is not so much that we should reverse this integration but more how to design policy to limit any undesirable consequences on regional and income distribution, as well as aggregate fluctuations in activity.

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

Econometrica ◽  
1963 ◽  
Vol 31 (4) ◽  
pp. 781
Author(s):  
Balder von Hohenbalken ◽  
Bjoern Thalberg
Keyword(s):  
Demand And Supply ◽  
Keynesian Model ◽  
Supply Functions ◽  
Investment Goods
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