Titlebook: Micha? Kalecki in the 21st Century; Jan Toporowski,?ukasz Mamica Book 2015 Palgrave Macmillan, a division of Macmillan Publishers Limited

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2662-6578 . Authors include surviving students of Kalecki, such as Amit Bhaduri, Mario Nuti, Kazimierz Laski Jerzy Osiatynski, and Post-Keynesian economists such as Geoff Harcourt, Marc Lavoie, and Malcolm Sawyer.978-1-349-49137-7978-1-137-42828-8Series ISSN 2662-6578 Series E-ISSN 2662-6586

HUSH

Introductionstate of confidence’, recently cited by Paul Krugman (Krugman and Wells 2012), his theory is much less well-known, often hidden by rather forbidding mathematics, and more difficult to read than the engaging John Maynard Keynes.

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humectant

‘Dr Kalecki’ on Mr Keynesnce on the short-run equilibrium position, taking into consideration the distribution of income between capitalists and workers. But the review also criticized Keynes’s methodology and does not even mention key elements of his analysis (notably his monetary and financial analysis).

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FACT

The Kalecki-Steindl Theory of Financial Fragilityced’ indebtedness among companies. The chapter extends this analysis by showing how recent asset inflation may have reduced this source of financial fragility, albeit at the expense of the indebtedness of households.

白楊魚

The Failure of Economic Planning: The Role of the Fel’dman Model and Kalecki’s Critiqueed in the machinery of planning. This meant that, although the work was often not as technical as the authors may have liked, it strongly related to the actual economy that they were attempting to model.

撫慰

Addressing the ‘Great Recession’ Using Kalecki’s Macroeconomic Analysis Depression’ due to the larger scale of government and the willingness to allow the ‘a(chǎn)utomatic stabilizers’ of fiscal policy to work with resulting large budget deficits. But recently the general tenor of debate has swung in the direction of austerity.

gospel

Economic Policies for Exit from Crisis, in a Post-Kaleckian Modelere learned from the 1929 crisis, and economic policies served to reduce the impact of the recent crisis on GDP. It seems obvious for the monetary policy of central banks. But some proposals, such as the return to a ‘constitutional’ balanced budget in the European Union remind us of the Treasury view denounced by Keynes at the time.

PATHY

Firm Heterogeneity, Finance and Development: A Kaleckian Perspectiveinancial structure of firms and the nature of the investments they conduct will vary according to the financial institutions available to them. Therefore, the impact of financial development on an economy will depend both on the dynamics of institutional change and the composition of the enterprise sector.