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

ISBN-13: 9780792396987 / Angielski / Twarda / 1996 / 228 str.

John E. King; J. E. King

Opis

lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism' . But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

Spis treści

Introduction. 1. Kalecki's Role in Post Keynesian Economics: an Overview; P. Arestis. 2. Kalecki and Keynes; S. Chapple. 3. Microfoundations: A Kaleckian Perspective; P. Kriesler. 4. Kalecki's Theory of Prices and Distribution; P.J. Reynolds. 5. Kalecki on the Trade Cycle and Economic Growth; M. Sawyer. 6. Kalecki's Monetary Economics; G.A. Dymski. 7. Kalecki and the Americans; J.E. King. 8. Kalecki, Marx and the Economics of Socialism; J. Toporowski. 9. Michal Kalecki and the Political Economy of the Third World; B. McFarlane. Contributing Authors. Index.