Kalecki on Financing Development: An Approach to the Macroeconomics of the Semi-industrialised Economy.
Kalecki's FINANCING ECONOMIC DEVELOPMENT (FED) has long been regarded as a classic demonstration of the wagegoods supply constraint on growth. The application of the formal analytical methods used elsewhere in his work (and a more realistic wagegoods supply function) allows a comprehensive Kaleckian model of the industrializing economy to be built up from the two versions of the FED. Three commodity markets (for food, manufactors and capital good), foreign trade and income distribution underp...Expand abstract
- Cambridge Journal of Economics
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