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Michal Kalecki and critical realism

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  • Therese Jefferson
  • John E. King

Abstract

In this article we identify three key reasons for considering Kalecki's work within the context of debates about post-Keynesian economics and critical realism. We then use six criteria to assess whether his work is consistent with a critical realist approach to empirical research and theory development. We conclude that Kalecki's work fits within the tenets of critical realism and provides insights for those wishing to include formal modelling and econometric techniques within a critical realist framework. Copyright The Author 2010. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Suggested Citation

  • Therese Jefferson & John E. King, 2011. "Michal Kalecki and critical realism," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 35(5), pages 957-972.
    • Handle: RePEc:oup:cambje:v:35:y:2011:i:5:p:957-972
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    File URL: http://hdl.handle.net/10.1093/cje/beq044
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    Cited by:

    1. Aleksander Sulejewicz, 2021. "Modelling in the Case of a Heterodox Economist: Success and Failure of Michał Kalecki," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 2, pages 8-38.
    2. Aleksander Sulejewicz, 2021. "Modelling in the Case of a Heterodox Economist: Success and Failure of Michał Kalecki," Ekonomista, Polskie Towarzystwo Ekonomiczne, vol. 2, pages 8-38, April.

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