Kalecki on Technology and Military Keynesianism

Jan Toporowski ()
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Jan Toporowski: SOAS, University of London; University of Bergamo; and International University College, Turin.

SPRU Working Paper Series from SPRU - Science Policy Research Unit, University of Sussex Business School

Abstract: Kalecki’s analysis of military Keynesianism highlights the difficulties of managing aggregate demand in one country, without coordination with trading partners. Military Keynesianism is effective as a means of reflation because, unlike civilian public works, it induces similar expenditure by political rivals. In this way it overcomes some of the trade difficulties that arise if aggregate demand expands in only one country. However, military technology is not immediately transferable to civilian production, and therefore tends to reinforce technological backwardness.

Keywords: Kalecki; military Keynesianism; aggregate demand management; technology (search for similar items in EconPapers)
JEL-codes: B3 E2 E3 E6 H5 (search for similar items in EconPapers)
Date: 2017-11
New Economics Papers: this item is included in nep-mac and nep-pke
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