Full text: Policies of Stimulating Private Investment

The upshot is that a principle pronounced by Kalecki proves 
to be applicable to the development on a world scale: 
He said that the policy of stimulating private investment 
either by a cut in interest rates or by tax incentives, 
could be effective only te mporarily because of the capacity 
created which would require a renewed dose of stimulus 
in order not to depress the markets, and so on. 
The basic problem of effective demand is not.solved by t 
the tax stimulus. 
It follows then that the employment policy pursued by practically 
all countries was not aDEquate, in fact, it was not a 
Keynesian or at least not a Kaleckian policy at all 
and therefore what failed was anything but a Keynesian or 
Kaleckian policy. The problem of creating an adequate amount 
of consumption, by approprate disIribu^i^n^o^incBme^poSicies^ 1 
remains basic for a full employment policy . 

Note to user

Dear user,

In response to current developments in the web technology used by the Goobi viewer, the software no longer supports your browser.

Please use one of the following browsers to display this page correctly.

Thank you.