Michał Kalecki in the 21st Century by Jan Toporowski and Lukasz Mamica (Eds.)

By Jan Toporowski and Lukasz Mamica (Eds.)

The twenty first century has cited a few difficulties of monetary melancholy, mass unemployment and debt, that have engaged the exceptional Polish economist of the twentieth century Michał Kalecki.
In this quantity best specialists on Kalecki from worldwide have contributed designated essays taking a look at what economists within the twenty first century need to study from the theories of Kalecki and the way they relate to the problems raised via John Maynard Keynes. Authors comprise surviving scholars of Kalecki, reminiscent of Amit Bhaduri, Mario Nuti, Kazimierz Laski and the editor of Kalecki's amassed Works Jerzy Osiatyński, and best Post-Keynesian economists equivalent to Joseph Halevi, G.C. Harcourt, Marc Lavoie, Edwin Le Heron and Malcolm Sawyer.
Their stories collect 20th-century financial idea and 21st-century monetary difficulties. it really is crucial studying for students, researchers and scholars drawn to financial background and idea, and will be helpful to present policy-makers.

Show description

Read Online or Download Michał Kalecki in the 21st Century PDF

Best economic conditions books

Economics for Financial Markets (Quantitative Finance), Edition: 1st

Winning buying and selling, speculating or just making proficient judgements approximately monetary markets capability it truly is necessary to have a company snatch of economics. monetary industry behaviour revolves round monetary options, but the majority of monetary textbooks don't inform the total tale. to totally comprehend the behaviour of economic markets it truly is necessary to have a version that allows new info to be absorbed and analysed with a few predictive implications.

The Decline of American Capitalism

Louis C. Fraina (1892–1953) was once a founding member of the yankee Communist social gathering in 1919. After working afoul of the Communist overseas in 1921 over the alleged misappropriation of money, Fraina left the geared up radical circulate, rising in 1930 as a left wing public highbrow via the identify of Lewis Corey.

The Development of the French Economy 1750-1914 (New Studies in Economic and Social History)

Figuring out French monetary improvement within the eighteenth and 19th centuries has constantly proved a powerful problem for historians. This concise survey is designed to clarify the parts of controversy between historians, and to lead the reader in the course of the debates. the writer presents succinct surveys of modern findings at the development of improvement, and at the underlying motives of that development.

Summits & Regional Governance: The Americas in Comparative Perspective

Regardless of the big variety of nearby and international summits there's little or no identified in regards to the functioning and impression of this actual kind of diplomatic perform. whereas spotting that the becoming value of summits is a common phenomenon, this quantity takes good thing about the richness of the Americas test to provide a theoretically grounded comparative research of up to date summitry.

Extra resources for Michał Kalecki in the 21st Century

Example text

1976) The Path of Economic Growth, Cambridge: Cambridge University Press Nove, A. , Harmondsworth: Penguin Books. Nove, A. & Nuti, D. (1972a) ‘Introduction’ in Nove & Nuti (1972b). Nove, A. & Nuti, D. (eds) (1972b) Socialist Economics, Harmondsworth: Penguin Books. Nuti, M. (1989) ‘Michal Kalecki’s contribution to the theory and practice of socialist planning’ in M. ), Kalecki’s Relevance Today, London: Macmillan. com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-02-05 The Failure of Economic Planning Peter Kriesler and G.

Com - licensed to New York University - Waldmann Dental Library - PalgraveConnect - 2015-02-05 26 Peter Kriesler and G. C. Harcourt 27 Dixon, R. (1988) Production, Distribution and Value: A Marxian Approach, Brighton, Sussex: Wheatsheaf Books Dobb, M. H. (1955), On Economic Theory and Socialism, London: Routledge and Keegan Paul. Dobb, M. H. (1967) Capitalism, Development and Planning, London: Routledge & Kegan Paul. Domar, E. D. (1957) ‘A Soviet model of growth’ in his Essays in the Theory of Economic Growth, New York: Oxford University Press.

He focused on the long-term nature of the model so that the costs imposed on the economy in terms of reduced consumption were not dealt with. The trade-off between higher growth rates and reduced short-term consumption imposed a burden on policy makers, which, according to Kalecki, gave an incentive to be overly optimistic in planning forecasts, as a way of minimizing this problem. In particular, the role of short-term factors such as bottlenecks in particular sectors, as well as limited natural resources and long construction times, provided important limitations to the potential growth rate of the economy as a whole.

Download PDF sample

Rated 4.45 of 5 – based on 35 votes