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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.
"synopsis" may belong to another edition of this title.
- PublisherA. M. Kelley
- Publication date1978
- ISBN 10 0678060010
- ISBN 13 9780678060018
- BindingHardcover
- LanguageEnglish
- Number of pages178
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Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy
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Hardcover. Condition: Near Fine. 178p, hardback, previous owner's name on free end-paper - otherwise a very good plus book [0678060010]. This is a reprint of the 1965 Revised Second Edition. Seller Inventory # 109207
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Theory of Economic Dynamics : An Essay on Cyclical and Long-Run Changes in Capitalist Economy
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Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy
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Hardcover. Condition: Very Good. No Jacket. Missing dust jacket; May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 0.7. Seller Inventory # G0678060010I4N01
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