Vickrey, Keynes and Kalecki. Three approaches for a Post-Keynesian Perspective on Crisis and Capitalism
The current crisis gives the opportunity to discover a little-known macroeconomist: W.S. Vickrey. A radical critique of standard macroeconomic theory, his work was clearly anchored in a post-Keynesian approach. His results are in full agreement with those of Keynes and Kalecki, particularly the positive role of budget deficits in a monetary economy of production. Vickrey's contribution was the focus on a financial dimension previously ignored. Thus, a synthesis of the approaches of these three theorists will provide the bases for a complete post-Keynesian model that integrates all the dimensions of a modern economy. MOTS-CLÉS : crise économique, déficit budgétaire, économie monétaire, marchés financiers, théorie postkeynésienne.
Budget Deficit, Economic Crisis, Financial Markets, Monetary Economy, PostKeynesian Theory