Synopses & Reviews
This book examines the life and work of the extraordinary Polish economist, Michal Kalecki. It discusses Kalecki's theory of the capitalist economy, and provides a thorough guided tour through his published works, including his important writings on the economics of underdeveloped countries.
Kalecki's ideas received wide international recognition during the period when Keynesianism predominated in the economic landscape. In the early 1930s, Kalecki anticipated many aspects of the principle of effective demand that later John Maynard Keynes put forward in his General Theory of Employment, Interest and Money. This book commemorates Kalecki's originality, and great contribution to economics. The book is co-authored by a former student of Kalecki. It includes original notes taken from Kalecki's courses, which up till now have never been published.
This book is indispensable reading for all interested in the history of economic thought.
Synopsis
A concise but all inclusive examination of Michal Kalecki's theory of the functioning and dynamics of advanced capitalist economies.
Synopsis
This book presents a thorough evaluation of Michal Kalecki's theory of the capitalist economy. It provides readers with a complete view of Kalecki's theory, including his very important writings on the economics of underdeveloped countries.
About the Author
JULIO LOPEZ teaches in the Faculty of Economics at the Universidad Nacional Autonoma de Mexico, Mexico.
Table of Contents
Introduction
Kalecki's Theory of Total Profits and of Income Determination
Wages and Profits in Kalecki's Theory
Kalecki's Theory of Prices of the Profit Share
Open Economy Macroeconomics in Kalecki's Theory
Government Finance and the Political Business Cycle
Kalecki's Long-run and Business Cycle Theory
Kalecki's Thinking on Developing Economies
Kalecki's Importance for the Economic Profession