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Theory of Economic Dynamics

Autor Michal Kalecki
en Limba Engleză Paperback – 31 dec 2008
In his Essays in the Theory of Business Cycle published in Polish in 1933, Kalecki clearly stated the principle of effective demand in mathematical form. By 1935 he outlined his theory of employment, demolished the then-orthodox remedy for a depression-that is, wage cutting-and pinpointed the importance of investment for economic dynamics. Thus, although his training had been in Marxist economics, he succeeded in anticipating the Keynesian system, and, as Joan Robinson has pointed out, his claim to priority of publication is indisputable although he never mentioned this fact.
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Specificații

ISBN-13: 9780853450818
ISBN-10: 0853450811
Pagini: 180
Dimensiuni: 140 x 216 x 10 mm
Greutate: 0.24 kg
Editura: Monthly Review Press
Locul publicării:United Kingdom