✦ LIBER ✦

Foreign trade in the kaleckian perspective plan

✍ Scribed by L. Mainwaring

Publisher: Springer US
Year: 1987
Tongue: English
Weight: 868 KB
Volume: 21
Category: Article
ISSN: 1573-9414
DOI: 10.1007/bf00417793

No coin nor oath required. For personal study only.

✦ Synopsis

In Kalecki's outline for a perspective plan a distinction is drawn between demand-determined and supply-constrained industries. Foreign trade operates on a 'vent-for-surplus' principle whereby supply industries are run at full capacity and excess supplies (demands) are exported (imported). This policy is assessed using a simple two-sector model and is given only qualified support. Modifications to his plan procedure are accordingly suggested.

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