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Degree of monopoly and class struggle: political aspects of Kalecki's pricing and distribution theory

  • Fernando M. Rugitsky

    (New School of Social Research)

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    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 ‘Political aspects of full employment’ is provided, indicating the broader conception of class struggle implicit in this work and its usefulness to a better understanding of capital–labor conflicts in contemporary capitalism.

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    Article provided by Edward Elgar in its journal Review of Keynesian Economics.

    Volume (Year): 1 (2013)
    Issue (Month): 4 (October)
    Pages: 447—464

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    Handle: RePEc:elg:rokejn:v:1:y:2013:i:4:p447-464
    Contact details of provider: Web page: http://www.elgaronline.com/roke

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