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