What remains of the theory of demand management in a globalising world?

Amit Bhaduri

The Economic and Labour Relations Review, 2014, vol. 25, issue 3, 389-396

Abstract: This article explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As a result, accountability to finance rather than to the citizens becomes more important for democratic governments, and credit rating dominates democratic performance. 1

Keywords: Income; distribution (search for similar items in EconPapers)
JEL-codes: E21 F21 G12 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:ecolab:v:25:y:2014:i:3:p:389-396

DOI: 10.1177/1035304614537186

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