Keynes and Kalecki on future perspecctives
DOI:
https://doi.org/10.23925/1806-9029.35in.2(64)e64878Keywords:
Keynes, Kalecki, full employmentAbstract
Keynes and Kalecki had different perspectives on the future prospects for the capitalist economy. Keynes considered that rising productivity would eventually allow more leisure to be devoted to cultural activities. However, Kalecki recognised that in a capitalist economy, issues of the employment would always come to the fore, with full employment benefitting workers directly, but employers opposing full employment because it undermines labour discipline. Keynes was open to a variety of ways of securing full employment, whereas Kalecki argued that it should benefit the standard of living of the mass of the population. Kalecki’s work suggests a political road, through full employment, to socialism.
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