An Alternative Macroeconomic Theory: The Kaleckian Model and Post-Keynesian Economics (Recent Economic Thought)

This volume presents an alternative macroeconomic theory based on the contributions of Michal Kalecki. Kalecki's importance as a pioneer of post-Keynesian theory has long been recognized by such prominent economists as Joan Robinson and Lawrence Klein. While in the U.S. post-Keynesian economics has drawn more heavily on indigenous sources (i.e. Weintraub, Davidson and Minsky) and on Keynes himself, European, Indian and Australian post-Keynesians have always regarded Kalecki as their principal source and inspiration. The book covers topics on methodology, price theory, trade cycles and economic growth, monetary economics, socialism, and concludes with a complete bibliography on Kalecki.