Key piece by Michal Kalecki that is a must-read and save for its influence on MMT. Kalecki is an important forerunner of MMT, and Bill Mitchell has acknowledged Kalecki influence on his development, for instance. MMT is not only a demand side but also a full employment approach to macro, and Kalecki's work contributed to this.
Read it at New Economic Perspectives
Why Don’t People Want Full Employment? Michal Kalecki’s 1943 Essay on Politics and Ideology
Michal Kalecki
2 comments:
Great Tom,people need to read more Kalecki.The man that maybee founded
Keynsianism before even Lord Keynes did.Unfortunatly he did not publish so much in english until later and therefore maybee get as much credite as should have.Times have changed,but there is surely lot real good works in done economics even today,that don´t get much attencion because it is written in other language then english.But this blog post a lot good stuff for sure!Thank´s!
"but there is surely lot real good works in done economics even today,that don´t get much attencion because it is written in other language then english."
Unfortunately this happens also in other disciplines. Even today language AND nationality barriers still are strong, as well as exposure due to those barriers.
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