Budget deficits and reductions in inequality for economic prosperity: a kaleckian analysis

  • Malcolm Sawyer Universidad de Leeds
Palabras clave: Fiscal policy, budget deficits, Kaleckian analysis, inequality, growth, Política fiscal, déficit presupuestal, análisis Kaleckiano, inequidad, crecimiento


An analysis of fiscal policy is presented in the context of a simple Kaleckian model of growth. The positive effects of budget deficits on economic activity and on growth are shown, and the appropriate scale of budget deficit derived. Alternatives to budget deficits to secure high levels of economic activity are examined, and taxation of savings and shifts in the distribution of income are seen as policies to be used alongside budget deficits.

Déficit presupuestarios y reducciones en inequidad para la prosperidad económica: un análisis Kaleckiano


Se presenta un análisis de la política fiscal en el contexto de un modelo de crecimiento Kaleckiano simple. Se muestran los efectos positivos del déficit presupuestario en la actividad económica y el crecimiento, y la escala apropiada del déficit presupuestario derivado. Se examinan alternativas al déficit presupuestario para asegurar niveles altos en la actividad económica, los impuestos de los ahorros y los cambios en la distribución de renta son vistos como políticas para ser usadas durante los déficit presupuestarios.


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Biografía del autor/a

Malcolm Sawyer, Universidad de Leeds

Profesor de Economía

Escuela de Negocios


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Cómo citar
Sawyer, M. (2010). Budget deficits and reductions in inequality for economic prosperity: a kaleckian analysis. Revista Lebret, (2), 31-44. https://doi.org/https://doi.org/10.15332/rl.v0i2.664