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Kalecki's Principle of Increasing Risk and Keynesian Economics - 9780415080392

Un libro in lingua di Tracy Mott edito da Taylor & Francis, 2009

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Michal Kalecki's research has emphasized corporate risk and companies' preferences for using retained earnings as the primary source of investment capital. This applies to households as well, and has a dampening effect on expenditures when compared to borrowing and spending as an alternative. Mott has been working piecemeal on this treatise since 1971. Coming, as it does, in the midst of the worst economic downturn since the Great Depression, this revisiting of Keynesian macroeconomics is both timely and pertinent. Annotation ©2010 Book News, Inc., Portland, OR (booknews.com)

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