The integration of aggregate demand and money circuit theories in Sergio Cesaratto's post-Keynesian perspective
DOI:
https://doi.org/10.17533/udea.le.n96a345977Keywords:
Post-keynesian, Sergio Cesaratto, effective demand, endogenous money, monetary circuit theoryAbstract
In Cesaratto (2016) and Cesaratto and Bucchianico (2020), the economist Sergio Cesaratto offers an interpretation that integrates some elements of the aggregate demand theory and the heterodox monetary theory into a coherent corpus. The purpose of this text is to present in the most schematic way the theoretical proposal of Sergio Cesaratto, considering the insufficient diffusion of the post-Keynesian theories in Spanish, and its importance for an adequate comprehension of the actual capitalist economic system.
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