An Alternative Macroeconomic Theory: The Kaleckian Model and - download pdf or read online

By J. E. King (auth.), J. E. King (eds.)

ISBN-10: 9400918100

ISBN-13: 9789400918108

ISBN-10: 9401073066

ISBN-13: 9789401073066

lE. King Michael Kalecki (1899-1970) was once probably the most very important, and in addition some of the most underrated, economists of the 20th century. within the Nineteen Thirties he made a chain of basic contributions to macroeconomic thought which expected, complemented and in many ways passed these of Keynes. virtually fullyyt self-educated in economics, and inspired rul a lot by way of Marxism as by means of mainstream concept, Kalecki very mostly escaped the deadly embody of pre-Keynesian orthodoxy, which blunted the thrust of the overall idea. Many submit Keynesians, specifically, have present in his paintings the weather of a powerful substitute to what Joan Robinson -Kalecki's maximum suggest within the English-speaking international - was once scathingly to explain as 'bastard Keynesianism' . yet Kalecki used to be by no means attracted to conception for its personal sake. He approached economics from a realistic standpoint, wrote commonly on utilized and coverage questions, and within the [mal a long time of his lifestyles became his realization more and more to difficulties of financial improvement and the administration of country socialist economies.

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Additional info for An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics

Sample text

Eichner, AS. 1976. The Megacorp and Oligopoly: Micro Foundations o/Macro Dynamics. Cambridge: Cambridge University Press. K 1993. The Macroeconomics 0/ Development Finance: A Kaleckian Analysis 0/the Semi-Industrialised Economy. London: Macmillan. F. C. 1988. 'Post Keynesianism: From Criticism to Coherence'. Bulletin o/Economic Research 40 (1), Janumy: 1-33. C. 1963. 'A Critique ofMr Kaldor's Model of Income Distribution and Economic Growth'. Australian Economic Papers 2, June: 20-36. C. 1965. 'A Two-sector Model of the Distribution ofIncorne and the Level of Employment in the Short Run'.

London: Allen and Unwin. Kalecki, M 1966. 'Mooey and Real Wages'. In M Kaleclci, Studies in the Theory ofBusiness Cycles. Oxford, Blackwell: 40-71. Kalecki, M 1970. 'Theories of Growth in Different Social Systems'. &ientia 105: 311-16. Kalecki, M 1971. 'Class Struggle and Distribution of National Income'. KykJos 24 (1): 1-9. F. 1943. 'International Clearing and Long-Tenn Lending'. Bulletin ofthe Oxford Institute ofStatistics 5, Supplemen~ August: 29-33. M 1936. The General Theory of Employment, Interest and Money.

Journal ofMacroeconomics 9(1), Winter: 83-94. Arestis, P. and Eichner, AS. 1988. 'The Post-Keynesian and Institutionalist ThcOIy of Money and Credit'. Journal ofEconomic Issues 22(4), December: 1003-1033. Arestis, P. GA 1994. 'Theoretical Reflections on Endogenous Money: The Problem with 'Convenience Lending". Mimeo. Arestis, P. and Kitromilides. Y. (eds) 1990. Theory and Policy in Political Economy: Essays in Pricing, Distribution and Growth. Aldershot: Elgar. Arestis, P. and Sawyer, MC. 1993.

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An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics by J. E. King (auth.), J. E. King (eds.)


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