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A FEW REMARKS ON KALECKI'S THEORY OF ECONOMIC GROWTH UNDER SOCIALISM *
Author(s) -
Zauberman Alfred
Publication year - 1966
Publication title -
kyklos
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.766
H-Index - 58
eISSN - 1467-6435
pISSN - 0023-5962
DOI - 10.1111/j.1467-6435.1966.tb00832.x
Subject(s) - economics , argument (complex analysis) , planner , socialism , point (geometry) , neoclassical economics , mathematical economics , economic system , positive economics , law , mathematics , political science , computer science , communism , biochemistry , chemistry , geometry , politics , programming language
SUMMARY The subject of this paper is K alecki 's theory of growth for normatively planned economic systems—it is validly claimed that this is the first formalized approximation to the central development problems for such systems. The point of departure for the argument is a ‘Golden Age’ state of the economy but, the focus is on the problems of ‘take‐off’ or imparting and re‐imparting an expansion spiral. The analysis of the acceleration phase is organized around the degree of availability of labour as the decisive enrionmental characteristic, and the strategic decision‐parameter is the coefficient indicating the planner's disinclination to ‘sacrifice’ the present for the sake of the future’. A point is made in this paper that the reasoning rests on the adopted hypotheses of empirical nature; this applies to the considerations of technical advance and empirically established ‘barriers’ encountered in the growth of planned economies.