What Remains of the Theory of Demand Management in a Globalising World?
Bhaduri, Amit
What Remains of the Theory of Demand Management in a Globalising World? - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2013. - 8 S., 30cm. - wiiw Policy Notes and Reports 12 . - wiiw Policy Notes and Reports 12 .
The paper explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As a result accountability to finance rather than to the citizens becomes more important for democratic governments and credit rating dominates democratic performance.
aggregate demand
real and money wage
income distribution
trade war
shadow banks
endogenous money
credit rating
non specific
What Remains of the Theory of Demand Management in a Globalising World? - Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2013. - 8 S., 30cm. - wiiw Policy Notes and Reports 12 . - wiiw Policy Notes and Reports 12 .
The paper explains a curious redirection of economic policies that uses the policy framework of Kalecki and Keynes only to undermine it. It does not negate their theory of demand management, but reformulates it to serve the powerful interests of finance in the era of financial globalisation. As a result accountability to finance rather than to the citizens becomes more important for democratic governments and credit rating dominates democratic performance.
aggregate demand
real and money wage
income distribution
trade war
shadow banks
endogenous money
credit rating
non specific