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Multilateralism and military Keynesianism: Completing the analysis

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  • Jan Toporowski

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.

Suggested Citation

  • Jan Toporowski, 2016. "Multilateralism and military Keynesianism: Completing the analysis," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(4), pages 437-443, October.
    • Handle: RePEc:mes:postke:v:39:y:2016:i:4:p:437-443
    DOI: 10.1080/01603477.2016.1240589
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    References listed on IDEAS

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    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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    Cited by:

    1. Kollias Christos & Tzeremes Panayiotis & Paleologou Suzanna-Maria, 2020. "Defence Spending and Unemployment in the USA: Disaggregated Analysis by Gender and Age Groups," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 26(2), pages 1-13, May.

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