TY  - BOOK
AU  - Bhaduri,Amit
TI  - What Remains of the Theory of Demand Management  in a Globalising World?
T2  - wiiw Policy Notes and Reports
PY  - 2013///
CY  - Wien
PB  - Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw)
KW  - aggregate demand
KW  - real and money wage
KW  - income distribution
KW  - trade war
KW  - shadow banks
KW  - endogenous money
KW  - credit rating
KW  - non specific
N2  - 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

UR  - https://wiiw.ac.at/p-3090.html
ER  -