In this chapter I analyze and up-date the contributions by Keynes and Kalecki on the destabilizing role of wage and price flexibility and I try to emphasize the similarities between them as founding fathers of the post-keynesian’s critical appraisal of self-balancing mechanisms. To do so, I also outline the role of Fisher’s effect in contrast to Pigou’s effect on income and employment.

Two founding fathers of the post-keynesian's critical appraisal on self-balancing mechanisms?

SAU, Lino
2008-01-01

Abstract

In this chapter I analyze and up-date the contributions by Keynes and Kalecki on the destabilizing role of wage and price flexibility and I try to emphasize the similarities between them as founding fathers of the post-keynesian’s critical appraisal of self-balancing mechanisms. To do so, I also outline the role of Fisher’s effect in contrast to Pigou’s effect on income and employment.
2008
Keynes and Macroeconomics after 70 years
Edward Elgar Publishing
1
51
63
9781847205810
L. SAU
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/14277
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