The Structure of Class Conflict in a Kaleckian-Keynesian Model

This paper seeks to explore this issue of the existence and nature of class conflict within a picture of the economy that could be called Kaleckian-Keynesian. Though the particular model we will use owes somewhat more to Kalecki than Keynes, it hopefully does not violate the spirit of Keynes very much, and in fact it relies rather heavily on Keynes’s appreciation of the rentier aspect of capitalism, a matter not discussed much by Kalecki. In addition, combining the ideas of Kalecki and Keynes we will find leads us to insights beyond what each saw by himself.