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Kalecki’s Quest for the Microeconomic Foundations of his Macroeconomic Theory

In: Kalecki’s Relevance Today

Author

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  • Alberto Chilosi

Abstract

Kalecki’s research on the functioning of the capitalist economy can be subdivided into the study of the following problems:1. The determination of national income and of the other macro-economic aggregates in the short run, given the level of investment. The latter is in the short run exogeneous, because of the lag between investment orders and investments, and of the equilibrium hypothesis, according to which investment decisions are effectively carried out. 12. The determination of investment orders.3. The cycle.4. The long-run evolution of the economic system.

Suggested Citation

  • Alberto Chilosi, 1989. "Kalecki’s Quest for the Microeconomic Foundations of his Macroeconomic Theory," Palgrave Macmillan Books, in: Mario Sebastiani (ed.), Kalecki’s Relevance Today, chapter 6, pages 101-120, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-10376-8_6
    DOI: 10.1007/978-1-349-10376-8_6
    as

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