Notas sobre la teoría kaleckiana de la inversión

  1. Cárdenas del Rey, Luis 12
  1. 1 Universidad Internacional Isabel I de Castilla
    info

    Universidad Internacional Isabel I de Castilla

    Burgos, España

    ROR https://ror.org/055sgt471

  2. 2 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

Revista:
Cuadernos de economía: Spanish Journal of Economics and Finance

ISSN: 2340-6704,  0210-0266

Año de publicación: 2018

Volumen: 41

Número: 115

Páginas: 119-129

Tipo: Artículo

DOI: 10.1016/J.CESJEF.2017.04.002 DIALNET GOOGLE SCHOLAR lock_openBiblos-e Archivo editor

Otras publicaciones en: Cuadernos de economía: Spanish Journal of Economics and Finance

Resumen

En este trabajo se aborda la exposición de la teoría kaleckiana de la inversión con el objetivo de identificar la caracterización del concepto de «rentabilidad esperada» y así destacar los elementos más interesantes para el análisis económico contemporáneo. Para ello se señala la insuficiencia de las teorías del acelerador neoclásico y de la eficiencia marginal del capital (EMC) propuesta por Keynes (1936). Se ofrecen los principales elementos de la función de determinantes de la decisión de invertir, destacados por Kalecki (1956, cap. 9), así como los desarrollos posteriores. Se concluye que esta teoría permite incorporar los efectos de las expectativas, los elementos de inercia, la distribución del ingreso (los beneficios), los efectos de la demanda efectiva (utilización) y los elementos financieros (el principio del riesgo creciente). Estos elementos pueden encontrarse por separado en distintas teorías de la inversión, pero aquí se muestran como un conjunto articulado de ideas que permiten su interacción, ofreciendo mayor profundidad analítica.

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