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Kalecki on Technology and Military Keynesianism

Author

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  • Jan Toporowski

    (SOAS, University of London; University of Bergamo; and International University College, Turin.)

Abstract

Kalecki’s analysis of military Keynesianism highlights the difficulties of managing aggregate demand in one country, without coordination with trading partners. Military Keynesianism is effective as a means of reflation because, unlike civilian public works, it induces similar expenditure by political rivals. In this way it overcomes some of the trade difficulties that arise if aggregate demand expands in only one country. However, military technology is not immediately transferable to civilian production, and therefore tends to reinforce technological backwardness.

Suggested Citation

  • Jan Toporowski, 2017. "Kalecki on Technology and Military Keynesianism," SPRU Working Paper Series 2017-22, SPRU - Science Policy Research Unit, University of Sussex Business School.
    • Handle: RePEc:sru:ssewps:2017-22
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    File URL: https://www.sussex.ac.uk/webteam/gateway/file.php?name=2017-22-swps-toporowski.pdf&site=25
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    References listed on IDEAS

    as
    1. Veblen, Thorstein, 1904. "Theory of Business Enterprise," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1904.
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    More about this item

    Keywords

    Kalecki; military Keynesianism; aggregate demand management; technology;
    All these keywords.

    JEL classification:

    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • H5 - Public Economics - - National Government Expenditures and Related Policies

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