Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy - Hardcover

Kalecki, M.

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9780678060018: Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy
Hardcover
ISBN 10: 0678060010 ISBN 13: 9780678060018
Publisher: Augustus m Kelley Pubs, 1989

Synopsis

In his Essays in the Theory of Business Cycle published in Polish in 1933, Kalecki clearly stated the principle of effective demand in mathematical form. By 1935 he outlined his theory of employment, demolished the then-orthodox remedy for a depression-that is, wage cutting-and pinpointed the importance of investment for economic dynamics. Thus, although his training had been in Marxist economics, he succeeded in anticipating the Keynesian system, and, as Joan Robinson has pointed out, his claim to priority of publication is indisputable although he never mentioned this fact.

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Publisher
Augustus m Kelley Pubs
Publication date
1989
Language
English
ISBN 10 
0678060010
ISBN 13 
9780678060018
Binding
Hardcover
Number of pages
178
Rating
  • 4.02 out of 5 stars
    50 ratings by Goodreads