Macroeconomic paradoxes with Kalecki and Kaleckians

Marc Lavoie 1, 2
1 CEPN - Centre d'Economie de l'Université Paris Nord
2 uOttawa - University of Ottawa [Ottawa]
Abstract : Post-Keynesian economics is known for the several paradoxes that it uncovers by taking macroeconomics as something else than some aggre- gated model with micro-foundations. Among these paradoxes is Michal Kalecki’s paradox, which we can define as the claim that higher govern- ment deficits generate larger profits for the capitalists. Kalecki’s paradox can be derived straight from the national accounts, with a couple of simple behavioural assumptions.
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https://hal-univ-paris13.archives-ouvertes.fr/hal-01343653
Contributeur : Pascal Seppecher <>
Soumis le : vendredi 8 juillet 2016 - 22:35:24
Dernière modification le : jeudi 5 septembre 2019 - 16:13:57

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UNIV-PARIS13 | ETUDES-KEYNESIENNES | CEPN | USPC | CAMPUS-CONDORCET

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Marc Lavoie. Macroeconomic paradoxes with Kalecki and Kaleckians. R. Bellofiore, E. Karwowski and J. Toporowski. Economic Crisis and Political Economy, Volume 2 of Essays in Honour of Tadeusz Kowalik, Palgrave Macmillan, pp. 198-211, 2014, 978-1-137-33575-3. ⟨10.1057/9781137335753_14⟩. ⟨hal-01343653⟩

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