Theme: Political Economy | Content Type: Journal article

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Political Aspects of Full Employment: A Reassessment of Kalecki

Andrew Henley

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Stefan Gessert

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Michal Kalecki’s classic article “Political Aspects of Full Employment”, published in The Political Quarterly in 1943,’ suggested a possible ambivalence of business interests in capitalist economies to the maintenance of full employment. It is still extensively cited in the economics, political science and sociology literatures. (The Social Science Citation Index records over 50 citings in the journal articles of other authors to Kalecki’s paper since 1980.)

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Volume 95, Issue 4

Latest Journal Issue

Volume 95, Issue 4

This issue features a collection 'Responding to Rachel Reeves' Mais Lecture', in which authors including Dan Corry, Aveek Bhattacharya and Kira Gartzou-Katsouyanni give their analyses of the Chancellor of the Exchequer's statement of economic policy given before Labour came to power. In addition there is a collection featuring Geoffrey M. Hodgson, Abby Innes and Gavin Kelly responding to Michael Jacobs' assessment of today's global 'polycrisis'. Other articles include Philippe Marlière's assessment of why French social democracy is in turmoil; and Helen Margetts, Cosmina Dorobantu, and Jonathan Bright's piece on building progressive public services with artificial intelligence. A selection of book reviews feature Dick Pountain's review of Left Is Not Woke by Susan Neiman, and Helen McCarthy's review of The Solidarity Economy: Nonprofits and the Making of Neoliberalism after Empire by Tehila Sasson.

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