Toporowski, Jan (2023) 'Political Aspects of Full Employment in Retrospect.' Contributions to Political Economy, 42 (1). pp. 226-241.
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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.
| Item Type: | Journal Article |
|---|---|
| Keywords: | Economics and Econometrics, Sociology and Political Science |
| SOAS Departments & Centres: | Departments and Subunits > Department of Economics |
| ISSN: | 02775921 |
| DOI (Digital Object Identifier): | https://doi.org/10.1093/cpe/bzad021 |
| SWORD Depositor: | JISC Publications Router |
| Date Deposited: | 19 Jul 2023 15:02 |
| URI: | https://eprints.soas.ac.uk/id/eprint/39878 |
| Funders: | Leverhulme Trust, Other |
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