What Remains of the Theory of Demand Management in a Globalising World?

Bericht

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Policy Notes and Reports ; No. 12

Classification and Topics

• Classification: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; Monetary Systems; Standards; Regimes; Government and the Monetary System; Payment Systems ; Financial Markets and the Macroeconomy ; Fiscal Policy ; International Investment; Long-term Capital Movements ; International Conflicts; Negotiations; Sanctions ; Asset Pricing; Trading Volume; Bond Interest Rates ; International Financial Markets
• Subject: aggregate demand ; real and money wage ; income distribution ; trade war ; shadow banks ; endogenous money ; credit rating

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Bhaduri, Amit
• Event: Veröffentlichung
• (who): The Vienna Institute for International Economic Studies (wiiw)
• (where): Vienna
• (when): 2013

Further information

• Handle: http://hdl.handle.net/10419/204255
• Last update: 10.03.2025, 11:45 AM CET