Full text: Eurosclerosis

Effective Demand, Short + Long Run
J. Robinson-?:
Unemployment:  Short Run: Capacity use
                            Long: insufficient capacity; "Marxian Unemployment"
problem of unemployment is identified with that of " effective demand"
Also ?: He supposes that interest ? of investment
makes for full employment in long run
The question thus is whether there are in the long run
special adoptors which will ?
create the necessary effective demand.
Capital: Capacity: life length
Relevant perhaps for present U.K. position

(alleged scarcity of capacity)


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