The Political Aspects of Full Employment

Michał Kalecki's "The Political Aspects of Full Employment" is a seminal essay that analyzes the political implications of full employment policies.

Kalecki argues that full employment, while beneficial for workers, could lead to increased worker assertiveness and demands that challenge the capitalist system.

This could result in a backlash from capitalists, potentially leading to policies that undermine full employment.

The essay highlights the inherent tensions between full employment and the interests of capital, offering a critical perspective on the relationship between economics and politics.

Kalecki's insights remain relevant today, providing a framework for understanding the political dynamics of economic policy and the challenges of achieving social and economic justice.