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Author Archive | Jan Toporowski

Michał Kalecki and Oskar Lange in the 21st Century

Jan Toporowski: It is . . . possible to identify in The General Theory and Kalecki‘s work key ideas that they had in common.  The first is that in a capitalist economy output and employment are determined by business investment, so unless investment is high enough the economy is unlikely to be at full employment.  […]

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