Theory of Economic Dynamics
Kalecki, Michal
ISBN 10: 0853450811 ISBN 13: 9780853450818
Published by Monthly Review Press, 2009
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Pages can have notes/highlighting. Spine may show signs of wear. ~ ThriftBooks: Read More, Spend Less 0.55. Seller Inventory # G0853450811I3N00
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.
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Title: Theory of Economic Dynamics
Publisher: Monthly Review Press
Publication Date: 2009
Binding: Paperback
Condition: Good
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