Kalecki's economics today /
Zdzislaw L. Sadowski and Adam Szeworski.
- xviii, 254 pages : illustrations ; 24 cm.
- Routledge frontiers of political economy ; 52 .
- Routledge frontiers of political economy ; 52. .
Includes bibliographical references (pages 232-246) and index.
List of contributors -- Preface -- Acknowledgements -- Introduction -- A note on the changing approaches to Kalecki's ideas in the world literature -- The overview -- Kalecki and Keynes revisited: Two original approaches to demand-determined income - and much more besides -- The relevance of Kalecki's 'Political Aspects of Full Employment' to the twenty-first century -- Michal Kalecki as a behavioural economist: Implications for modern evolutionary economic analysis -- Kaleckian crucial reform of capitalism and after -- The model -- Money and finance in Kalecki's analysis -- Kalecki's theory of income determination and modern macroeconomics: A reconstruction and an assessment -- Kalecki's principle of increasing risk, the distribution of income, and consequences for macroeconomic performance -- Is equality harmful to growth? -- The policies -- A Kaleckian policy framework -- Three ways to... high unemployment -- Saving, investment and government deficits: A modern Kaleckian approach -- Kalecki's investment theory reconsidered -- The developing economies -- Kalecki's political economy of development of mixed economies: Employment-led growth -- The opportunities and dangers of international capital inflows for developing countries from an effective demand perspective -- On Kalecki's contribution to development economics -- Economic crises in Latin America: Some considerations in the light of Kalecki's theory -- Kalecki's arguments for socialism -- Epilogue -- Some concluding remarks -- Bibliography -- Index. Pt. I. 1. 2. 3. 4. Pt. II. 5. 6. 7. 8. Pt. III. 9. 10. 11. 12. Pt. IV. 13. 14. 15. 16. 17. 18.
"Michael Kalecki was a Polish economist who independently discovered many of the key concepts of what is now identified as Keynesian theory. His contribution to macroeconomics was late in being acknowledged, but his work can be seen to have resounding influence on some of today's economic problems. The analyses presented in this book serve to scrutinize Kalecki's theories and show both their significance for explaining the working of modern economies and the areas that need adaptation to changed circumstances. Crucial issues in the present world economy covered in this book include: the pattern of cyclical recession and financial crises, historically high levels of unemployment and poverty, neoliberal economic policies ."--Publisher's website.