Economics Questions

Re: Michał Kalecki

J.R. — Mon, 13 Apr 2009 05:11:29 GMT

krazy kaju:

I even read the books of the other schools!

Great to hear, me too.

I recognize there are a lot of people who have a far greater understanding of Austrian economics than me. And I want to learn.

One of the ways I really enjoy learning about Austrian ideas is through a comparison to ideas from other schools. I got a degree in econ so mainstream thoughts are in my head. I didn't get much Austrian exposure in school.

I really like listening to stuff like Bob Murphy's lectures from Mises University on Austrian v Neoclassical analytics (like http://mises.org/multimedia/mp3/MU2008/11_Murphy.mp3), or reading Roger Garrison's powerpoint explanation of ABCT in mainstream terms. Or Hoppe or Salerno on Keynes, or Rothbard on anybody, or everybody on Krugman.

Thanks for the suggestions and help.

Re: Michał Kalecki

krazy kaju — Mon, 13 Apr 2009 01:33:15 GMT

Where did I say that I do not like to read and/or watch/listen to Austrian responses to other schools of thought? I even read the books of the other schools!

Re: Michał Kalecki

J.R. — Mon, 13 Apr 2009 00:43:49 GMT

krazy kaju:

Maybe you should just investigate the Austrian school's position on loanable funds, profits, competition, and business cycles and then draw your own conclusions about what an Austrian would say about Kalecki. Loanable funds are derived from saving, profits depend more on consumption in some sectors (e.g. retail) and more on investment in others (e.g. housing, machinery, cars, capital goods), Austrians essentially adhere to non-mathematical monopolistic competition, and business cycles can only be caused when credit expansion occurs without saving thereby increasing investment and consumption beyond sustainable levels.

I am pretty familiar with the Austrian school, but always want to learn more.

I really enjoy reading and listening to lectures from Austrians discussing other schools of thought. I am sorry to read you do not.

Re: Michał Kalecki

krazy kaju — Sun, 12 Apr 2009 23:29:59 GMT

Maybe you should just investigate the Austrian school's position on loanable funds, profits, competition, and business cycles and then draw your own conclusions about what an Austrian would say about Kalecki. Loanable funds are derived from saving, profits depend more on consumption in some sectors (e.g. retail) and more on investment in others (e.g. housing, machinery, cars, capital goods), Austrians essentially adhere to non-mathematical monopolistic competition, and business cycles can only be caused when credit expansion occurs without saving thereby increasing investment and consumption beyond sustainable levels.

Re: Michał Kalecki

J.R. — Sun, 12 Apr 2009 22:37:03 GMT

Jon Irenicus:

Wouldn't your best bet then be to email a professor such as Boettke or Murphy or Salerno or Block?

Never thought to do that, sounds like a great idea. Thanks.

Re: Michał Kalecki

Jon Irenicus — Sat, 11 Apr 2009 18:39:39 GMT

Wouldn't your best bet then be to email a professor such as Boettke or Murphy or Salerno or Block?

Re: Michał Kalecki

J.R. — Sat, 11 Apr 2009 18:20:17 GMT

Ivan Ivanov:
Since he published his works in Polish, I think you'll be hard pressed to find any mention of him anywhere, let alone an Austrian criticism.

Books get translated and republished in English. Like with Socialism or Human Action or the Theory of Money and Credit. Kalecki is pretty big in the Neoclassical school. I beleive like 7 volumes of his work were translated in the 1990s.

Ivan Ivanov:
Plus, if he's basically Keynesian, wouldn't a criticism of his work be pretty much the same as any Austrian criticism of Keynes?

It might be, I dunno. But I am looking for a scholarly journal type critique, or a more than superficial dismissal.

Re: Michał Kalecki

Ivan Ivanov — Sat, 11 Apr 2009 11:40:06 GMT

Since he published his works in Polish, I think you'll be hard pressed to find any mention of him anywhere, let alone an Austrian criticism.

Plus, if he's basically Keynesian, wouldn't a criticism of his work be pretty much the same as any Austrian criticism of Keynes?

Michał Kalecki

J.R. — Sat, 11 Apr 2009 07:48:41 GMT

Polish economist, arguably Keynsian before Keynes but he published in Polish, not English, so he is not as well known.

I am interested in Austrian discussion/critiques/criticisms of his ideas, particularly kelckian theory on business cycles, corporate profits and the supply of loanable funds, and imperfect competition.

Thanks much.