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Chapitre D'ouvrage Année : 2014

Macroeconomic paradoxes with Kalecki and Kaleckians

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Résumé

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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Dates et versions

hal-01343653 , version 1 (08-07-2016)

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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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