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The Relevance of Kalecki: The Useable Contribution

Author

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  • Hyman P. Minsky

Abstract

The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held in 1986. It contains Minsky's assessment of Kalecki's contribution. According to Minsky, the question of Kalecki's priority over Keynes with respect to the construction of useable macroeconomics is of secondary importance. What is important is that both Kalecki and Keynes provide elements that are essential components for understanding the behavior of economies with complex financial structures. This is the measure of Kalecki's greatness.

Suggested Citation

  • Hyman P. Minsky, 2013. "The Relevance of Kalecki: The Useable Contribution," PSL Quarterly Review, Economia civile, vol. 66(265), pages 95-106.
  • Handle: RePEc:psl:pslqrr:2013-22
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    File URL: http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10411/10298
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    Citations

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    Cited by:

    1. Paolo Piacentini, 2017. "Functional “reversal” and dimensional “decoupling” of “finance” and “the real economy”: a reflection on the “Kaleckian” and “Minskian” limits to over-financialization," Working Papers 7/17, Sapienza University of Rome, DISS.
    2. Piacentini, P.M., 2021. "Minsky after Kalecki: real profits and financial structure," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 416-426.
    3. Alessandro Roncaglia, 2013. "Hyman Minsky's monetary production economy," PSL Quarterly Review, Economia civile, vol. 66(265), pages 77-94.

    More about this item

    Keywords

    Minsky; Kalecki; prices; profit;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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