The Macroeconomics of Development Finance - A Kaleckian Analysis of the Semi-Industrial Economy

This book provides vital theoretical underpinnings for the emerging 'neo-structuralist' reading of macroeconomics based on the heterogeneous accumulation behaviour of public and private sectors. The work of Kalecki is used to build up a rigorous analysis of the semi-industrial economy which is not only suitable for practical policy formation but also marks a breakthrough in modern development economics. The topics covered include: the microeconomic roots of macroeconomic behaviour; stabilization, employment and growth policies in a mixed economy; and the problems of sectoral balance and market management in the planned economy.

List of contents

Preface - Kalecki and the Finance of the Semi-industrialized Economy - The Structural Approach to the Semi-industrialized Economy - The Macroeconomics of the Semi-industrialized Economy - The Analytics of Stabilization Policy - Employment and the Shadow Wage Rate - Financing Growth in the Mixed Economy - Planning for Sectoral Balance at the Periphery - State Accumulation and the Market - Index

Product details

• Authors: Valpy Fitzgerald
• Publisher: Palgrave Macmillan Ltd
• Languages: English
• Product format: Hardback
• Released: 09.12.1992
• No. of pages: 222
• Series: Institute of Social Studies, The Hague; Institute of Social Studies, t; Institute of Social Studies, t
• Subject: Social sciences, law, business > Business > Economics