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Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle

Michaël Assous and Vincent Carret
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Vincent Carret: Université Lumière Lyon 2

Chapter Chapter 5 in Modeling Economic Instability, 2022, pp 87-120 from Springer

Abstract: Abstract Kalecki played a key role in the development of macro-dynamics. It was Kalecki’s major breakthrough to recognize how the tools of Tinbergen could be combined with new economic ideas to account for the dynamics of aggregates. The examination of the formal proximity that existed between Kalecki’s and Tinbergen’s early works highlights how much both shared a common view about the differences in the origins of growth and cycles. It also gives a new understanding of his distance with Frisch who argued with Schumpeter that cycles resulted from growth and economic development.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-3-030-90310-7_5

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DOI: 10.1007/978-3-030-90310-7_5

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