This book provides vital theoretical underpinnings for the emerging
'neo-structuralist' reading of macroeconomics based on the
heterogeneous accumulation behaviour of public and private sectors.
The work of Kalecki is used to build up a rigorous analysis of the
semi-industrial economy which is not only suitable for practical
policy formation but also marks a breakthrough in modern
development economics. The topics covered include: the
microeconomic roots of macroeconomic behaviour; stabilization,
employment and growth policies in a mixed economy; and the problems
of sectoral balance and market management in the planned economy.
General
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