Steedman versus Kalecki

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: Steedman versus Kalecki: Fassung

Author:: Steindl, Josef

Scope:: Typoskript, 8 Blätter, mit zahlreichen eigenhändigen Korrekturen und Ergänzungen

Year of publication:: 1993

Source material date:: [vermutlich um 1993]

Language:: English

Topic:: Growth,cycle and stagnation

JEL Classification:: E11 [General Aggregative Models: Marxian, Sraffian, Kaleckian]

Shelfmark:: S/M.13.1

DOI:: https://doi.org/10.48671/nls.js.AC14446047

3 in opposite directions ( why not? ) and wonders why Kalecki was so interested in the share of wages ( and who is not? ).Since he believed not without reason that this share was strongly influenced by the pricing of the products Kalecki had to conclude that it would act as a constraint on the real wage. What is there to puzzle about? I return now to the good advice concerning input-output techniques. It should certainly not be dismissed out of hand, but we have to be very careful about it because there are a number of ... . . difficulties involved in this case. To start with, commodities are r*'. ,S very ill defined. So are industries, which are almost all multiproduct and often there is joint production. The beautifully clean theory threatens to be mired up in a morassJ In fact, an input output matrix (also called technology matrix ) refers to technical processes; institutions - firms and industries - do not % 1> easily find a place there. tTM £*,, y O-Vv IA.J Moreover, the firms in one and the same industry do not have a uniform mark up, not according to Kalecki and not according to fact. From some points of view, including my own, these ri differences are very important. I think the complications which arise here are formidable, to say the very least. One more point. Sraffa's system of prices is always in the background in this discussion, even if he is not mentioned. Now what gives his system cohesion and makes it rich in results is the uniform rate of profit. We can have nothing like that in the case of Kalecki: The problem here is to show how the general surplus is unequally distributed in accordance with the different degree of market power which rules via the prices over the distribution. I ^ JW ~ 0 } , - , / do K. cC*Vt~- Vi"®**, Uf << *+ v

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