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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

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✦ 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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