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.
JULIO LÓPEZ received his BA in economics at the Universidad de
Chile. Later, he took his PhD in economics in Poland, where he studied with Michal
Kalecki. He is currently Professor of Macroeconomics at the graduate department of
economics, Universidad Nacional Autonoma de Mexico. He has been invited Professor at the
Universidad Autonoma de Barcelona, Ecole des Hautes Etudes en Sciences Sociales, Paris;
and Universidad Federal de Rio de Janeiro.
MICHAËL ASSOUS is currently Assistant Professor of Economics (Maître de
Conferences) at the University of Paris 1 Panthéon-Sorbonne and member of PHARE (Pole
d'Histoire et de l'Analyse Economique). His research fields are the history of
macroeconomics, business cycle analysis and income distribution.
Table of Contents
Preface
Michal Kalecki's Life and Work
Kalecki's Theory of Profits, Output and Employment.
Genesis and Originality of Kalecki's Theory
The Theory of Prices and Income Distribution
Kalecki's Long-Run Theory of Effective Demand: The Trend and Business Cycles
Kalecki's Macroeconomics of Public Finance and of Monetary Policy
Kalecki's Open Economy and Macroeconomics
Michal Kalecki, a Pioneer of Development Economics
Kalecki the Socialist Economist
Michal Kalecki's Intellectual Legacy
Bibliography
272 pages, Hardcover
