ABSTRACT
The purpose of this essay is the presentation of a general view of the theory of the functioning and dynamics of advanced capitalism of Kalecki. After analyzing the general relationship between effective demand and the levels of economic activity and employment, the author studies the logic of Kalecki’s cyclical model of growth. Along with the presentation of Kalecki’s ideas, the author takes issue with some criticisms of the theory of effective demand.
KEYWORDS:
Kalecki; effective demand; economic growth; history of economic thought