© 1994

Kalecki and Unemployment Equilibrium


Table of contents

  1. Front Matter
    Pages i-vi
  2. Introduction

    1. Mario Sebastiani
      Pages 1-3
  3. The Theory of Unemployment Equilibrium

    1. Front Matter
      Pages 5-5
    2. Mario Sebastiani
      Pages 7-36
    3. Mario Sebastiani
      Pages 37-60
    4. Mario Sebastiani
      Pages 61-88
    5. Mario Sebastiani
      Pages 89-103
  4. Kalecki and Economic Thought

    1. Front Matter
      Pages 105-105
    2. Mario Sebastiani
      Pages 107-118
    3. Mario Sebastiani
      Pages 119-124
    4. Mario Sebastiani
      Pages 125-134
    5. Mario Sebastiani
      Pages 135-139
  5. Back Matter
    Pages 140-213

About this book


Kalecki's opus has been acknowledged chiefly as a contribution to the theory of distribution and the business cycle. Little attention has been given to the theory of effective demand and to unemployment equilibrium, i.e. to the field traditionally covered by Keynesian economics. This book is an attempt to draw attention to the most innovative core of Kalecki's thought on capitalist economies, which is also strictly interrelated to the history of economic thought. Accordingly, it focuses on the relationships with other theoretical approaches, to methodology and the theory of effective demand and investment, to the theory of distribution and prices, and to the theory of money.


business cycle economics employment equilibrium history of economic thought John Maynard Keynes Keynes Keynesian economics Marx methodology unemployment

Authors and affiliations

  1. 1.University of Rome ‘Tor Vergata’Italy

About the authors


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