KEYNES AND KALECKI ON INCOME DISTRIBUTION AND EFFECTIVE DEMAND

Neio Lúcio Peres Gualda () and Daniel Nojima ()
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Neio Lúcio Peres Gualda: Universidade Estadual de Maringá (UEM)
Daniel Nojima: Instituto Paranaense de Desenvolvimento Econômico e Social (IPARDES)

Revista de Economia Mackenzie (REM), 2006, vol. 4, issue 4, 112-135

Abstract: This article recovers the principle of the effective demand in Keynes andKalecki and the role played by the income distribution as well. Additionally,reassess this principle in terms of the determinants of the consumption andinvestment. Amongst the main issues, it is pointed out that the distributivemodifications imply product instability which is as an outcome of expectationsgenerated by changes in the nominal wages over investments profitability.

Keywords: Effective demand; Income distribution; Employment; Keynes; Kalecki (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:4:4:2006:jan:dec:p:112-135

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