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We booked the house and the studio for three nights - both of which were delightful self contained one bed apartments within a delightful flower filled courtyard of the owner's property situated in an old part of the city.Both accommodations were excellent value for money and very close to the cathedral and Museum of Modern Art and a short stroll to all other sights.Within the context of the New Economic Sociology, Karl Polanyi is almost universally considered the “father” of the concept of embeddedness.However, this concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice constructed by Polanyi has been neglected.The paper, written for the centennial celebration of Kalecki’s birth, considers the legacy for modern macroeconomics of Kalecki’s theory of income determination, which is reconstructed in its analytical constituent parts, referring in detail to the original sources. Kalecki’s macroeconomics is notable for having been the first to be built, unlike Keynes’ but alike the contemporary New- Keynesian macroeconomic models, in an imperfectly competitive framework and, at the same time, for linking the theory of distribution, on the one side, and the theory of income determination, on the other.

There is everything you need to self cater should you wish plus a washing machine and televisions in both sitting room and bedroom. The landlady was lovely and very helpful; the location brilliant near the centre of the town and the apartment for four people was perfectly equipped, with more than we expected.However, the concept has been subject to selective appropriation by this discipline and its relationship to the remaining theoretical edifice constructed by Polanyi has been neglected.It is, in fact, possible to refer to the “great transformation” (Beckert, 2007) to which the concept of embeddedness has been subjected: whereas in Polanyi’s work it is associated with the macro(economic) level and is used as evidence of the exceptional nature of the capitalist market economy – disembedded from society – in NES, it is normally associated with the meso (and even micro) level, on the assumption that all economies – including capitalist economies – are embedded.Grocery shops and restaurants can be found within walking distance of the property and free Wi Fi access is provided.The train station is ideally located 1.5 km away and the Museum of Modern Art is 450 metres from the accommodation.