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Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle

In: Modeling Economic Instability

Author

Listed:
  • Michaël Assous

    (Université Lumière Lyon 2)

  • Vincent Carret

    (Université Lumière Lyon 2)

Abstract

Kalecki played a key role in the development of macro-dynamics. It was Kalecki’s major breakthrough to recognize how the tools of Tinbergen could be combined with new economic ideas to account for the dynamics of aggregates. The examination of the formal proximity that existed between Kalecki’s and Tinbergen’s early works highlights how much both shared a common view about the differences in the origins of growth and cycles. It also gives a new understanding of his distance with Frisch who argued with Schumpeter that cycles resulted from growth and economic development.

Suggested Citation

  • Michaël Assous & Vincent Carret, 2022. "Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle," Springer Studies in the History of Economic Thought, in: Modeling Economic Instability, chapter 0, pages 87-120, Springer.
    • Handle: RePEc:spr:spshcp:978-3-030-90310-7_5
    DOI: 10.1007/978-3-030-90310-7_5
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