Macroeconomic paradoxes with Kalecki and Kaleckians
Post-Keynesian economics is known for the several paradoxes that it uncovers by taking macroeconomics as something else than some aggre- gated model with micro-foundations. Among these paradoxes is Michal Kalecki’s paradox, which we can define as the claim that higher govern- ment deficits generate larger profits for the capitalists. Kalecki’s paradox can be derived straight from the national accounts, with a couple of simple behavioural assumptions.
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|Date of creation:||2014|
|Publication status:||Published in R. Bellofiore, E. Karwowski and J. Toporowski. Economic Crisis and Political Economy, Volume 2 of Essays in Honour of Tadeusz Kowalik, Palgrave Macmillan, pp. 198-211, 2014, 978-1-137-33575-3. <10.1057/9781137335753_14>|
|Note:||View the original document on HAL open archive server: https://hal-univ-paris13.archives-ouvertes.fr/hal-01343653|
|Contact details of provider:|| Web page: https://hal.archives-ouvertes.fr/|
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