
Theory of Economic Dynamics
An Essay on Cyclical and Long-Run Changes in Capitalist Economy
Michal Kalecki(Author)
Monthly Review Press,U.S.
Published on 21. March 2011
Book
Paperback/Softback
180 pages
978-0-85345-081-8 (ISBN)
Description
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.
More details
Language
English
Place of publication
New York
United States
Product notice
Paperback (trade)
Unsewn / adhesive bound
Dimensions
Height: 223 mm
Width: 141 mm
Thickness: 18 mm
Weight
244 gr
ISBN-13
978-0-85345-081-8 (9780853450818)
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Schweitzer Classification