The Principle of Effective Demand Effective Demand is a Point!

This article builds a historical and theoretical journey in its proposal to question the derivation and therefore, the teaching of the IS-LM aggregate demand and supply model as well. An exhaustive presentation is made of each stage of definition, construction and formulation to form the IS-LM model...

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Autores:
Tipo de recurso:
Article of journal
Fecha de publicación:
2019
Institución:
Universidad Antonio Nariño
Repositorio:
Repositorio UAN
Idioma:
spa
OAI Identifier:
oai:repositorio.uan.edu.co:123456789/10931
Acceso en línea:
https://revistas.uan.edu.co/index.php/papeles/article/view/584
https://repositorio.uan.edu.co/handle/123456789/10931
Palabra clave:
modelo IS-LM
Keynes
demanda agregada
oferta
IS-LM aggregate demand and supply model
Keynes
Rights
License
https://creativecommons.org/licenses/by-nc-sa/4.0
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oai_identifier_str oai:repositorio.uan.edu.co:123456789/10931
network_acronym_str UAntonioN2
network_name_str Repositorio UAN
repository_id_str
spelling 2019-03-062024-10-10T02:35:33Z2024-10-10T02:35:33Zhttps://revistas.uan.edu.co/index.php/papeles/article/view/58410.54104/papeles.v11n21.584https://repositorio.uan.edu.co/handle/123456789/10931This article builds a historical and theoretical journey in its proposal to question the derivation and therefore, the teaching of the IS-LM aggregate demand and supply model as well. An exhaustive presentation is made of each stage of definition, construction and formulation to form the IS-LM model (from Keynesian legacy in The General Theory of Employment, Interest and Money) to show how its construction suffers from a serious logical inconsistency. A reformulation is proposed in the construction and teaching of the model: “not only should the  conventional model of aggregate supply and demand of textbooks be abandoned, but also the 45-degree Keynesian income-expense or cross scheme and of course the model IS-LM.”Este artículo hace un recorrido histórico y teórico en su apuesta por cuestionar la derivación y por ende la enseñanza del modelo de oferta y demanda agregada IS-LM. Se hace una exposición exhaustiva de cada etapa de definición, construcción y formulación del modelo IS-LM (desde el legado keynesiano en La teoría general del empleo, el interés y el Dinero), hasta mostrar cómo su construcción adolece de una grave incoherencia lógica. Se propone una reformulación en la construcción y enseñanza del modelo: no sólo se debe abandonar el modelo convencional de oferta y demanda agregada de los libros de texto, sino también el esquema ingreso-gasto o cruz Keynesiana de 45 grados y por supuesto el modelo IS-LM.application/pdfspaUNIVERSIDAD ANTONIO NARIÑOhttps://revistas.uan.edu.co/index.php/papeles/article/view/584/500https://creativecommons.org/licenses/by-nc-sa/4.0http://purl.org/coar/access_right/c_abf2Papeles; Vol. 11 No. 21 (2019); 55-65Papeles; Vol. 11 Núm. 21 (2019); 55-65Papeles; v. 11 n. 21 (2019); 55-652346-09110123-067010.54104/papeles.v11n21modelo IS-LMKeynesdemanda agregadaofertaIS-LM aggregate demand and supply modelKeynesThe Principle of Effective Demand Effective Demand is a Point!El principio de la demanda efectiva. ¡La demanda efectiva es un punto!info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501http://purl.org/coar/resource_type/c_2df8fbb1http://purl.org/coar/version/c_970fb48d4fbd8a85Moreno Rivas, Álvaro Martín123456789/10931oai:repositorio.uan.edu.co:123456789/109312024-10-14 03:48:25.102metadata.onlyhttps://repositorio.uan.edu.coRepositorio Institucional UANalertas.repositorio@uan.edu.co
dc.title.en-US.fl_str_mv The Principle of Effective Demand Effective Demand is a Point!
dc.title.es-ES.fl_str_mv El principio de la demanda efectiva. ¡La demanda efectiva es un punto!
title The Principle of Effective Demand Effective Demand is a Point!
spellingShingle The Principle of Effective Demand Effective Demand is a Point!
modelo IS-LM
Keynes
demanda agregada
oferta
IS-LM aggregate demand and supply model
Keynes
title_short The Principle of Effective Demand Effective Demand is a Point!
title_full The Principle of Effective Demand Effective Demand is a Point!
title_fullStr The Principle of Effective Demand Effective Demand is a Point!
title_full_unstemmed The Principle of Effective Demand Effective Demand is a Point!
title_sort The Principle of Effective Demand Effective Demand is a Point!
dc.subject.es-ES.fl_str_mv modelo IS-LM
Keynes
demanda agregada
oferta
topic modelo IS-LM
Keynes
demanda agregada
oferta
IS-LM aggregate demand and supply model
Keynes
dc.subject.en-US.fl_str_mv IS-LM aggregate demand and supply model
Keynes
description This article builds a historical and theoretical journey in its proposal to question the derivation and therefore, the teaching of the IS-LM aggregate demand and supply model as well. An exhaustive presentation is made of each stage of definition, construction and formulation to form the IS-LM model (from Keynesian legacy in The General Theory of Employment, Interest and Money) to show how its construction suffers from a serious logical inconsistency. A reformulation is proposed in the construction and teaching of the model: “not only should the  conventional model of aggregate supply and demand of textbooks be abandoned, but also the 45-degree Keynesian income-expense or cross scheme and of course the model IS-LM.”
publishDate 2019
dc.date.accessioned.none.fl_str_mv 2024-10-10T02:35:33Z
dc.date.available.none.fl_str_mv 2024-10-10T02:35:33Z
dc.date.none.fl_str_mv 2019-03-06
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
dc.type.coar.fl_str_mv http://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coar.spa.fl_str_mv http://purl.org/coar/resource_type/c_6501
dc.type.coarversion.none.fl_str_mv http://purl.org/coar/version/c_970fb48d4fbd8a85
format http://purl.org/coar/resource_type/c_6501
status_str publishedVersion
dc.identifier.none.fl_str_mv https://revistas.uan.edu.co/index.php/papeles/article/view/584
10.54104/papeles.v11n21.584
dc.identifier.uri.none.fl_str_mv https://repositorio.uan.edu.co/handle/123456789/10931
url https://revistas.uan.edu.co/index.php/papeles/article/view/584
https://repositorio.uan.edu.co/handle/123456789/10931
identifier_str_mv 10.54104/papeles.v11n21.584
dc.language.none.fl_str_mv spa
language spa
dc.relation.none.fl_str_mv https://revistas.uan.edu.co/index.php/papeles/article/view/584/500
dc.rights.en-US.fl_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0
dc.rights.coar.spa.fl_str_mv http://purl.org/coar/access_right/c_abf2
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/4.0
http://purl.org/coar/access_right/c_abf2
dc.format.none.fl_str_mv application/pdf
dc.publisher.en-US.fl_str_mv UNIVERSIDAD ANTONIO NARIÑO
dc.source.en-US.fl_str_mv Papeles; Vol. 11 No. 21 (2019); 55-65
dc.source.es-ES.fl_str_mv Papeles; Vol. 11 Núm. 21 (2019); 55-65
dc.source.pt-BR.fl_str_mv Papeles; v. 11 n. 21 (2019); 55-65
dc.source.none.fl_str_mv 2346-0911
0123-0670
10.54104/papeles.v11n21
institution Universidad Antonio Nariño
repository.name.fl_str_mv Repositorio Institucional UAN
repository.mail.fl_str_mv alertas.repositorio@uan.edu.co
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