Effective Demand in the Short and in the Long Run

Josef Steindl


In the context of the special issue on Joseph Steindl we publish an original manuscript by the same author, containing a paper he presented at the 1990 edition of the “International Summer School for Advanced Economic Studies” (the Trieste School). The manuscript, written in July of 1990, deals with the short and long-run financing of effective demand, and its consequences on the distribution of income and the sustainability of debt and of economic growth, and contains several insights still very relevant today.


JEL Codes: E11, B50, E12, H63



effective demand, long run, public debt, distribution of income, finance

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ISSN 2037-3643

Reg. Tribunale di Roma n.377/2009 del 19/11/2009