{"product_id":"theory-of-economic-dynamics-9780853450818","title":"Theory of Economic Dynamics","description":"\u003cp\u003eIn his Essays in the Theory of Business Cycle published in Polish in \u003cbr\u003e1933, Kalecki clearly stated the principle of effective demand in \u003cbr\u003emathematical form. By 1935 he outlined his theory of employment, \u003cbr\u003edemolished the then-orthodox remedy for a depression-that is, wage \u003cbr\u003ecutting-and pinpointed the importance of investment for economic \u003cbr\u003edynamics. Thus, although his training had been in Marxist economics, he \u003cbr\u003esucceeded in anticipating the Keynesian system, and, as Joan Robinson \u003cbr\u003ehas pointed out, his claim to priority of publication is indisputable \u003cbr\u003ealthough he never mentioned this fact.\u003c\/p\u003e","brand":"Michal Kalecki","offers":[{"title":"Default Title","offer_id":48272936272123,"sku":"9780853450818","price":20.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0779\/3917\/9771\/files\/CoreSourceHub_eb846d92-9731-4019-b965-852821bdf910.jpg?v=1770996226","url":"https:\/\/indiepubs.com\/products\/theory-of-economic-dynamics-9780853450818","provider":"IndiePubs","version":"1.0","type":"link"}