What is Wrong with Heterodox Economics? Kalecki’s Profit Theory as an Example

Kalecki's profit theory has always been popular among heterodox economist as an alternative approach to solve the paradox of monetary profits. In the present paper his formula ‘The workers spend what they get, the capitalists get what they spend' is scrutinized for its logical and factual implications. The analysis shows that Kalecki's alternative approach points in the right direction but unfortunately shares a crucial conceptual error with standard economics

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Year of publication:	2015
Authors:	Kakarot-Handtke, Egmont
Publisher:	[2015]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Ökonomische Ideengeschichte \| History of economic thought \| Heterodoxe Ökonomik \| Heterodox economics

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Extent:	1 Online-Ressource (9 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 18, 2011 erstellt
Other identifiers:	10.2139/ssrn.1845803 [DOI]
Classification:	B50 - Current Heterodox Approaches. General ; E12 - Keynes; Keynesian; Post-Keynesian ; E25 - Aggregate Factor Income Distribution ; B22 - Macroeconomics ; B41 - Economic Methodology
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013037979