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(In)-stability in kalecki’s early macroeconomics

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  • Antonin Pottier

    (CERNA i3 - Centre d'économie industrielle i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

Abstract

It is now almost eighty years since Michal Kalecki published his formal mathematical model of the business cycle. In this paper, we want to examine the vision embedded in that early model and the writings he published at around the same time. Sections II and III center on Kalecki’s approach to local and global (in)-stability, and section IV suggests a simplified model designed to pinpoint key aspects of Kalecki’s thinking related to the issue of endogenous cycles, ‘class struggle,’ and growth.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Antonin Pottier, 2016. "(In)-stability in kalecki’s early macroeconomics," Working Papers hal-01448542, HAL.
    • Handle: RePEc:hal:wpaper:hal-01448542
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    Cited by:

    1. Carret, Vincent, 2021. "Fluctuations and growth in Ragnar Frisch’s rocking horse model," OSF Preprints 69nsg, Center for Open Science.

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    Keywords

    macroeconomics;

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