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Theory of Economic Dynamics: An Essay on Cyclical and Long-Run Changes in Capitalist Economy
Theory of Economic Dynamics An Essay on Cyclical and LongRun Changes in Capitalist Economy
Author: M. Kalecki
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,...  more »
ISBN-13: 9780678060018
ISBN-10: 0678060010
Pages: 178
Edition: 2 Revised
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Publisher: Augustus M Kelley Pubs
Book Type: Hardcover
Members Wishing: 0
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