Bhaduri, Amit <br/><br/>
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 .
<br/><br/> 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.<br/> 
<br/><br/><label>Subjects--Topical Terms: </label><br/>aggregate demand<br/>real and money wage<br/>income distribution<br/>trade war<br/>shadow banks<br/>endogenous money<br/>credit rating
<br/><br/><label>Subjects--Geographic Terms: </label><br/>non specific