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

✍ Scribed by J. E. King (auth.), J. E. King (eds.)

• Publisher: Springer Netherlands
• Year: 1996
• Tongue: English
• Leaves: 231
• Series: Recent Economic Thought Series 49
• Edition: 1
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Front Matter....Pages i-v
Introduction....Pages 1-10
Kalecki’s Role in Post Keynesian Economics: An Overview....Pages 11-34
Kalecki and Keynes....Pages 35-54
Microfoundations: A Kaleckian Perspective....Pages 55-72
Kalecki’s Theory of Prices and Distribution....Pages 73-91
Kalecki on the Trade Cycle and Economic Growth....Pages 93-114
Kalecki’s Monetary Economics....Pages 115-140
Kalecki and the Americans....Pages 141-167
Kalecki, Marx and the Economics of Socialism....Pages 169-186
Michal Kalecki and the Political Economy of the Third World....Pages 187-218
Back Matter....Pages 219-228

✦ Subjects

Methodology and the History of Economic Thought; Macroeconomics/Monetary Economics