Philosophy Dictionary of ArgumentsHome
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| Economic cycle: Economic cycles are recurrent fluctuations in economic activity characterized by alternating periods of expansion and contraction. These cycles include phases of growth (expansions) and decline (contractions), encompassing fluctuations in production, employment, investment, and consumer spending. See also Economy, Markets, Consumption. _____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Michal Kalecki on Economic Cycle - Dictionary of Arguments
Mause I 227 Economy/Kalecki: Unlike the New Political Economy, the post-Keynesian political economy in the Kalecki tradition (1) assumes that political decision-makers in economic policy are primarily oriented towards the goals of financially strong interest groups. In particular during an economic downturn, stabilisation measures could be omitted if a prolonged high level of unemployment appears necessary in order to obtain concessions from trade unions and workers in the area of wage claims or social security. The austerity policy resulting from the euro crisis from 2010 can be interpreted in this sense (Krugman 2013 (2)). VsKrugman, VsKalecki: see Economic Cycle/Public Choice. 1. Michal Kalecki, In Collected works of Michal Kalecki, Hrsg. Jerzy Osyatinski. Oxford 1973. 2. Paul Krugman, Phony fear factor. New York Times, 9. August 2013, A19._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconKale I Michal Kalecki The political aspects of full employment Oxford 1973 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Kalecki
> Counter arguments in relation to Economic Cycle
Ed. Martin Schulz, access date 2024-04-27