Degree of monopoly and class struggle: political aspects of Kalecki's pricing and distribution theory

Fernando Rugitsky ()

Review of Keynesian Economics, 2013, vol. 1, issue 4, 447—464

Abstract: The aim of this paper is to analyse the concept of class struggle in Michal Kalecki's writings. First, his inclusion of trade unions' strength as one of the determining elements of the degree of monopoly is examined, taking into consideration Abba Lerner's formulation of the latter and its development by Kalecki. Then, the limits of this understanding of class struggle are pointed out from the standpoint of Karl Marx's conceptual distinction between labor and labor-power. Finally, a reinterpretation of Kalecki's 'Political aspects of full employment' is provided, indicating the broader conception of class struggle implicit in this work and its usefulness to a better understanding of capital–labor conflicts in contemporary capitalism.

Keywords: class struggle; degree of monopoly; mark-up pricing; income distribution; Kalecki; Marx (search for similar items in EconPapers)
JEL-codes: B50 B51 D40 E25 J50 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (10)

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