Michal Kalecki: A Comprehensive Challenge to Orthodoxy

Josef Poschl and Gareth Locksley

Chapter 8 in Twelve Contemporary Economists, 1981, pp 141-159 from Palgrave Macmillan

Abstract: Abstract Michal Kalecki was born in Poland in 1899. He died in 1970 after a distinguished and sometimes controversial career at Oxford, the United Nations (where he encountered McCarthyism), and in Poland (where he clashed with Stalinism).1 Originally he studied engineering but the sad state of the Polish economy in his youth forced him to leave these studies unfinished. By a series of fortuitous accidents Kalecki joined the economics profession. He brought to it certain technical skills in mathematics and statistics, insights into the nature of firms, and above all a deep concern for his fellow man forged by his experience of the Great Depression. Further, perhaps because he had been a journalist, Kalecki had that rare ability to express new and exciting ideas clearly and succinctly,2 in contrast to many of the great ‘tree destroyers’ of our time.

Keywords: Income Distribution; Real Wage; National Income; Full Employment; Aggregate Income (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05498-5_8

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DOI: 10.1007/978-1-349-05498-5_8

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