Thus, even with relatively heavy damping such shocks genera… - Michał Kalecki

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Thus, even with relatively heavy damping such shocks generate fairly regular cycles.
The result is of considerable importance.

Michał Kalecki

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About Michał Kalecki

Michal Kalecki (June 22, 1899, in Łódź – April 18, 1970, in Warsaw) was a Polish Marxist economist who specialized in macroeconomics of a broadly-defined Keynesian sort. Over the course of his life, Kalecki worked at the London School of Economics, University of Cambridge, University of Oxford and Warsaw School of Economics as well as an economic advisor to governments of Cuba, Israel, Mexico and India.

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Thus, even with relatively heavy damping such shocks generate fairly regular cycles. The result is of considerable importance. - Michał Kalecki

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