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The Kaleckian Origins of the Keynesian Model

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  • Chapple, Simon

Abstract

There has been a long debate considering whether the Keynesian model was simultaneously discovered. However, due to language barriers, not all relevant evidence has been available to English-speaking scholars. Examining M. Kalecki's article 'Three Systems,' recently translated from Polish, it is shown that he independently discovered and published a simple short-period general equilibrium model of interactions between goods and money markets and aggregate supply which, under conditions of a determined money wage, could lead to quasi-equilibrium unemployment. In short, new evidence shows that Kalecki simultaneously and independently discovered the Keynesian model. Copyright 1995 by Royal Economic Society.

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  • Chapple, Simon, 1995. "The Kaleckian Origins of the Keynesian Model," Oxford Economic Papers, Oxford University Press, vol. 47(3), pages 525-537, July.
    • Handle: RePEc:oup:oxecpp:v:47:y:1995:i:3:p:525-37
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    Cited by:

    1. Michaël Assous, 2006. "Kalecki était-il keynésien avant Keynes ?," Revue économique, Presses de Sciences-Po, vol. 57(2), pages 165-183.
    2. repec:hal:journl:dumas-00802131 is not listed on IDEAS

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