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Ones and Tooze
Heterodox Economists, Part 1: Michal Kalecki
Dec 13, 2024
Dive into the world of heterodox economists, starting with Michał Kalecki, who saw capitalism as a major issue rather than a solution. Explore how his Polish roots and intellectual influences shaped his critical theories on labor and economic development. Discover the fascinating clash between Kalecki’s Marxist views and Keynesian thought, focusing on aggregate demand and social division. Also, catch a poignant message from Adam post-surgery, adding a personal touch to the insightful discussions.
38:21
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Quick takeaways
- Michał Kalecki's critical view of capitalism underscores the conflicting interests between capitalists and the working class, rendering traditional economic narratives incomplete.
- Kalecki advocates for government intervention as vital for stabilizing investment and achieving full employment, highlighting potential socio-political tensions arising from economic policies.
Deep dives
Introduction to Heterodox Economists
The podcast introduces a miniseries focusing on heterodox economists, which are economists whose ideas mainly differ from mainstream economic theories. The discussion highlights the importance of these figures in broadening the discourse surrounding economic policies that are often overlooked in mainstream discussions. Notably, the episode emphasizes the connections among three prominent heterodox economists: Michael Kalecki, Joan Robinson, and Hyman Minsky. By exploring their unique perspectives, the podcast aims to engage listeners with alternative views on economic theory and policy.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode