Routledge Kalecki's Principle of Increasing Risk and Keynesian Economics

Explore the complex connections between Michal Kalecki's economic theories and major economic schools of thought. In this book from the Routledge Studies in the History of Economics series, Tracy Mott examines how Kalecki's work relates to the ideas of Keynes and Marx. This text focuses on the principle of increasing risk to explain how the expansion and reproduction of wealth creates unity in economic analysis. By studying this principle, readers can better understand the fundamental conclusions of Keynesian economics, specifically regarding the underemployment of both labor and capital. This book is an essential resource for those studying the history of economic thought and the evolution of macroeconomic theory.