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Political Aspects of Full Employment in Retrospect.
- Source :
- Contributions to Political Economy; Jul2023, Vol. 42 Issue 1, p226-241, 16p
- Publication Year :
- 2023
-
Abstract
- Kalecki's 'Political Aspects of Full Employment' is a classic work of political economy, showing how full employment may be obtained by fiscal policy. However, full employment challenges key institution of capitalism, in the labour market evoking resistance from business and finance and the possibility of a political business cycle. The paper compares Kalecki's vision of full employment with that of Keynes and the contribution of mass unemployment to fascism. The paper argues that Kalecki saw full employment as a transition to socialism. [ABSTRACT FROM AUTHOR]
- Subjects :
- BUSINESS cycles
EMPLOYMENT
LABOR market
FISCAL policy
CAPITALISM
UNEMPLOYMENT
Subjects
Details
- Language :
- English
- ISSN :
- 02775921
- Volume :
- 42
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Contributions to Political Economy
- Publication Type :
- Academic Journal
- Accession number :
- 171388917
- Full Text :
- https://doi.org/10.1093/cpe/bzad021