Michal Kalecki’s Life and Work

Julio G. López and Michaël Assous

Chapter 1 in Michal Kalecki, 2010, pp 1-22 from Palgrave Macmillan

Abstract: Abstract In 1933 Michael Kalecki, a young self-taught economist, published in Poland a small book: An Essay on the Theory of the Business Cycle. In this book he proposed his version of the theory of effective demand; a theory which was to initiate, albeit in John Maynard Keynes’s version, a new phase in the history of economic ideas and policymaking.

Keywords: Business Cycle; National Income; Socialist Economy; Capitalist Economy; Full Employment (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:gtechp:978-0-230-29395-3_1

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DOI: 10.1057/9780230293953_1

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