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Published in:
1990 | OriginalPaper | Chapter
Some Comments on the Three Versions of Kalecki’s Theory of the Trade Cycle
Author : Josef Steindl
Published in: Economic Papers 1941–88
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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1. Kalecki has given us three versions of his theory of the trade cycle, dating respectively from 1933 (Kalecki, 1935, 1937), from 1943 (Kalecki, 1954) and from 1968. The difference between these versions almost entirely concerns the investment function (the equation explaining investment or investment decisions).