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Kalecki’s Monetary Economics

Authors: Gary A. Dymski;

Kalecki’s Monetary Economics

Abstract

Kalecki and Keynes share honors for discovering the principle of aggregate demand. But whereas Keynes set out this principle in a static model expressed in Neoclassical language, Kalecki explored it in a disequilibrium dynamic model incorporating Marxian and Classical insights about class conflict and income distribution. Geoffrey Harcourt has characterized Kalecki’s writings as ‘the most profound of the twentieth century’ (Harcourt, 1987). Nonetheless, Kalecki has exerted less influence than Keynes, even among heterodox economists.1

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    popularity
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    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
5
Average
Average
Average
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