Michal Kalecky ant the theory of effective demand

Vol. 6 No. 3 (1986)

Jul-Sep / 1986
Published July 1, 1986
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

G., Julio López. 1986. “Michal Kalecky Ant the Theory of Effective Demand”. Brazilian Journal of Political Economy 6 (3):394-405. https://doi.org/10.1590/0101-31571986-3058.

Michal Kalecky ant the theory of effective demand

Julio López G.
Divisão de Estudos de Pós-Graduação da Faculdade de Economia da Universidade Nacional Autônoma do México.
Brazilian Journal of Political Economy, Vol. 6 No. 3 (1986), Jul-Sep / 1986, Pages 394-405


The purpose of this essay is the presentation of a general view of the theory of
the functioning and dynamics of advanced capitalism of Kalecki. After analyzing the general
relationship between effective demand and the levels of economic activity and employment,
the author studies the logic of Kalecki’s cyclical model of growth. Along with the presentation
of Kalecki’s ideas, the author takes issue with some criticisms of the theory of effective

JEL Classification: E11; B24; O40.

Keywords: Kalecki effective demand economic growth history of economic thought