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An Alternative Macroeconomic Theory The Kaleckian Model and Post Keynesian Economics Book PDF Summary

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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An Alternative Macroeconomic Theory  The Kaleckian Model and Post Keynesian Economics
  • Author : John E. King
  • Release : 06 December 2012
  • Publisher : Springer Science & Business Media
  • ISBN : 9789400918108
  • Genre : Business & Economics
  • Total Page : 232 pages
  • Language : English
  • PDF File Size : 17,9 Mb

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