Degree of monopoly and class struggle: political aspects of Kalecki's pricing and distribution theory
The aim of this paper is to analyse the concept of class struggle in Michal Kalecki's writings. First, his inclusion of trade unions' strength as one of the determining elements of the degree of monopoly is examined, taking into consideration Abba Lerner's formulation of the latter and its development by Kalecki. Then, the limits of this understanding of class struggle are pointed out from the standpoint of Karl Marx's conceptual distinction between labor and labor-power. Finally, a reinterpretation of Kalecki's â€˜Political aspects of full employmentâ€™ is provided, indicating the broader conception of class struggle implicit in this work and its usefulness to a better understanding of capitalâ€“labor conflicts in contemporary capitalism.
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- Engelbert Stockhammer & Robert Stehrer, 2009.
"Goodwin or Kalecki in Demand? Functional Income Distribution and Aggregate Demand in the Short Run,"
wp203, Political Economy Research Institute, University of Massachusetts at Amherst.
- Engelbert Stockhammer & Robert Stehrer, 2011. "Goodwin or Kalecki in Demand? Functional Income Distribution and Aggregate Demand in the Short Run," Review of Radical Political Economics, Union for Radical Political Economics, vol. 43(4), pages 506-522, December.
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- A. Asimakopulos, 1975. "A Kaleckian Theory of Income Distribution," Canadian Journal of Economics, Canadian Economics Association, vol. 8(3), pages 313-33, August.
- Eckhard Hein & Lena Vogel, 2008. "Distribution and growth reconsidered: empirical results for six OECD countries," Cambridge Journal of Economics, Oxford University Press, vol. 32(3), pages 479-511, May.
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