Download This PaperThe Relevance of Kalecki: The Useable Contribution
PSL Quarterly Review, Vol. 67 No. 265, pp. 95-106, 2013
12 Pages Posted: 18 Jun 2014 Last revised: 19 Jun 2014
Date Written: June 15, 2013
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The paper is a to date unpublished contribution by Minsky prepared for a conference at the University of Perugia held in 1986.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
JEL Classification: B22, E12, B31
Suggested Citation: Suggested Citation