Sawyer, M orcid.org/0000-0002-4565-5276 (2020) Kalecki on Budget Deficits and the Possibilities for Full Employment. Review of Political Economy, 32 (4). pp. 548-562. ISSN 0953-8259
Abstract
This paper revisits the writings of Michal Kalecki which relate to issues of fiscal policy, budget deficits and securing full employment in capitalist economies. It seeks to relate those writings to the recent fiscal policy debates after the global financial crises. It covers the issues of the financing and funding of public expenditure and private expenditure. The relationship between the scale of budget deficit and the achievement of full employment is considered. Kalecki’s approach to the ‘burden’ of debt is elaborated. The social and political constraints on the achievement of full employment are revisited.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 Informa UK Limited, trading as Taylor & Francis Group. This is an author produced version of an article, published in Review of Political Economy. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Kalecki; austerity; full employment; fiscal consolidation |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Economics Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 24 Nov 2021 16:23 |
Last Modified: | 17 Jun 2022 23:44 |
Status: | Published |
Publisher: | Routledge |
Identification Number: | 10.1080/09538259.2020.1831203 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:180732 |