The Relevance of Kalecki: The Useable Contribution

Hyman Minsky

PSL Quarterly Review, 2013, vol. 66, issue 265, 95-106

Abstract: The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held in 1986. It contains Minsky's assessment of Kalecki's contribution. According to Minsky, the question of Kalecki's priority over Keynes with respect to the construction of useable macroeconomics is of secondary importance. What is important is that both Kalecki and Keynes provide elements that are essential components for understanding the behavior of economies with complex financial structures. This is the measure of Kalecki's greatness.

Keywords: Minsky; Kalecki; prices; profit (search for similar items in EconPapers)
JEL-codes: B22 B31 E12 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (3)

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