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Michal Kalecky ant the theory of effective demand

Author

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  • Julio López G.

Abstract

The purpose of this essay is the presentation of a general view of the theory ofthe functioning and dynamics of advanced capitalism of Kalecki. After analyzing the generalrelationship between effective demand and the levels of economic activity and employment,the author studies the logic of Kalecki’s cyclical model of growth. Along with the presentationof Kalecki’s ideas, the author takes issue with some criticisms of the theory of effectivedemand. JEL Classification: E11; B24; O40.

Suggested Citation

  • Julio López G., 1986. "Michal Kalecky ant the theory of effective demand," Brazilian Journal of Political Economy, Center of Political Economy, vol. 6(3), pages 394-405.
  • Handle: RePEc:ekm:repojs:v:6:y:1986:i:3:p:394-405:id:1808
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1808/1794
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    More about this item

    Keywords

    Kalecki; effective demand; economic growth; history of economic thought;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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