| Disputed term/author/ism | Author |
Entry |
Reference |
|---|---|---|---|
| Economic Cycle | Kalecki | 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. |
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 |