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

Released on by John E. King
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  • An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics Book Detail

  • Author : John E. King
  • Release Date : 2012-12-06
  • Publisher : Springer Science & Business Media
  • Genre : Business & Economics
  • Pages : 232
  • ISBN 13 : 9400918100
  • File Size : 73,73 MB
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An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics by John E. King PDF Summary

Book Description: 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.

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