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The Improbability of Stable Capitalism An Essay to Mark the 100th Anniversary of the Birth of Michal Kalecki

Doughney, James
Victoria University Research Repository (VURR) · Papers
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350000-commercemanagementtourism-and-services
This paper discusses effective demand, the rate of profit and the profound contribution of Michal Kalecki to our understanding of capitalist economies. It argues that the Kaleckian position on the causal link between investment spending and profit and between the rate of profit and the stability
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