Kaldor after Sraffa

Óscar Dejuán
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Óscar Dejuán: University of Castilla - La Mancha, Spain

Bulletin of Political Economy, 2019, vol. 13, issue 1, 1-19

Abstract: Kaldor led the postKeynesian school in an attempt to project Keynes’ principle of effective demand into the long run, the realm of growth theories. This paper examines Kaldor’s major contributions to growth, technical change, distribution and money, in order to integrate them into the surplus approach. An approach that combines the classicalSraffian theory of value and distribution with the KeynesianpostKeynesian theory of output and money. An approach that considers capitalism as a demand- constrained system, both in the short run and in the long run, without neglecting the limits derived from the supply side.

Keywords: Surplus approach; principle of effective demand; growth and distribution; supermultiplier; Sraffa; Kaldor (search for similar items in EconPapers)
JEL-codes: B24 E11 E12 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:awu:journl:v:13:y:2019:i:1:p:1-19

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