The paper discusses an alternative macroeconomic strategy proposal for Mexico. The author argues that, in the short-run the primary task should be to put to work idle resources, and that a competitive and stable real exchange rate, coupled with supply-side measures that benefit domestic...

In this paper the differences between the principle of effective demand of Keynes and Kalecki are analyzed, focusing on Kalecki's less well known version. The paper considers, in the first place, the theory of prices and the theory of distribution. Then it deals with the theory of investment,...