Suchergebnisse

Introduction-- Lukasz Mamica and Jan Toporowski PART I: KALECKI AND MACROECONOMICS 1. The Failure of Economic Planning: The Role of the Fel'dman Model and Kalecki's Critique-- P. Kriesler and G.C. Harcourt 2. Are Rigid Prices the Cause of Unemployment?-- J. Osiatynski 3. Kalecki and Post-Keynesian Economics-- M. Lavoie 4. Effective Demand and Path Dependence in Short and Long Run Growth-- A. Bhaduri 5. Kaleckian Traverse, Socialist Planning and Hayekian Objections-- R. Demirbag and J. Halevi 6. The Impact of Innovations on Investments and Economic Growth in the Thought of Kalecki-- L. Mamica 7. 'Dr. Kalecki' and Mr. Keynes-- H. Szymborska and J. Toporowski PART II: KALECKI AND CRISIS IN THE 21ST CENTURY 8. Michal Kalecki's Capitalist Dynamics from Today's Perspective-- D.M. Nuti 9. Kalecki's Profit Equation after 80 years-- K. Laski and H. Walther 10. Kalecki and Kowalik on the Dilemma of 'Crucial Reform' in the United States and Poland-- G.A. Dymski 11. A Kaleckian Perspective on Changes in the Aggregate Income Distribution in the US-- T. Mott and M. Evers 12. Addressing the 'Great Recession' Using Kalecki's Macroeconomic Analysis-- M.C. Sawyer 13. Economic Policies for Exit From Crisis in a Post-Kaleckian Model-- E. Le Heron 14. Firm Heterogeneity, Finance and Development: A Kaleckian Perspective-- J. Penrose 15. The Kalecki-Steindl Theory of Financial Fragility-- J. Toporowski

The consequences of the global economic crisis which started in the United States in 2007-08 are still being felt in most of the advanced economies, and the mainstream tools of recovery are not having the required results. It seems that many of the after-effects of the crisis, including the instability of the financial markets, increasing public debts and limited economic growth, require new solutions from both economic policy and theory. Lower aggregate demand during the crisis increased the pressure on firms to be more competitive and at the same time, the crisis in the banking system has.

The 21st century has brought up a number of problems of economic depression, mass unemployment and debt, which have engaged the outstanding Polish economist of the 20th century Michal Kalecki. In this volume leading experts on Kalecki from around the world have contributed special essays looking at what economists in the 21st century have to learn from the theories of Kalecki and how they relate to the issues raised by John Maynard Keynes. Authors include surviving students of Kalecki, such as Amit Bhaduri, Mario Nuti, Kazimierz Laski and the editor of Kalecki's Collected Works Jerzy Osiatynski, and leading Post-Keynesian economists such as Joseph Halevi, G.C. Harcourt, Marc Lavoie, Edwin Le Heron and Malcolm Sawyer. Their studies bring together 20th-century economic theory and 21st-century economic problems. It is essential reading for scholars, researchers and students interested in economic history and theory, and would be beneficial to current policy-makers.