Theory of Economic Dynamics
E768030
Theory of Economic Dynamics is a seminal work by Michał Kalecki that develops a macroeconomic framework for analyzing business cycles, investment, and long-run growth under conditions of imperfect competition.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Theory of Economic Dynamics canonical | 1 |
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economic treatise ⓘ |
| analyzes |
effects of monopoly power on macro-dynamics
ⓘ
investment decisions under uncertainty ⓘ lagged adjustment processes ⓘ multiplier-accelerator interaction ⓘ role of profits in driving investment ⓘ |
| author | Michał Kalecki NERFINISHED ⓘ |
| contributesTo |
post-Keynesian macroeconomics
ⓘ
theory of business cycles ⓘ theory of economic growth ⓘ theory of effective demand ⓘ theory of income distribution ⓘ |
| countryOfOrigin | Poland ⓘ |
| emphasizes |
class conflict in distribution and growth
ⓘ
endogenous nature of business cycles ⓘ importance of imperfect competition ⓘ interaction between real and monetary factors ⓘ role of mark-up pricing ⓘ |
| field |
macroeconomics
ⓘ
political economy ⓘ |
| focusesOn |
cyclical fluctuations in capitalist economies
ⓘ
determinants of output and employment ⓘ interaction of investment and profits ⓘ long-run trend and short-run cycles ⓘ role of effective demand in growth ⓘ |
| hasPerspective |
critical of neoclassical equilibrium analysis
ⓘ
macro-foundations based on imperfect competition ⓘ |
| influenced |
Kaleckian distribution-and-growth models
ⓘ
modern theories of investment-driven cycles ⓘ post-Keynesian growth models ⓘ |
| language | English ⓘ |
| mainTopic |
business cycles
ⓘ
economic growth ⓘ effective demand ⓘ imperfect competition ⓘ income distribution ⓘ investment ⓘ macrodynamics ⓘ |
| notableFor |
early treatment of investment lags
ⓘ
formal dynamic macroeconomic modeling ⓘ integration of cycle and trend analysis ⓘ systematic use of profits as a key macro variable ⓘ |
| theoreticalApproach |
Kaleckian economics
ⓘ
Keynesian economics ⓘ post-Keynesian economics ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.