Shared Ideas amid Mutual Incomprehension

Jan Toporowski
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Jan Toporowski: University of London

Chapter 14 in Michał Kalecki: An Intellectual Biography, 2013, pp 138-151 from Palgrave Macmillan

Abstract: Abstract The breakdown of the Cambridge project, amid mutual incomprehension, was a considerably more complex transition than a mere rejection of Kalecki’s methodology. In Cambridge the ending of the project was a precondition for the establishment of a better financed and academically supported Department of Applied Economics under Richard Stone. At the end of 1939, Kalecki left Cambridge for Oxford. But he retained his dependence on Keynes, through whose good offices at the National Institute for Economic and Social Research Kalecki had his salary paid at Oxford. Perhaps even more importantly he retained the support of Keynes, who saw in him some potential to realise Keynes’s critique of Tinbergen’s attempts to determine the course of inter-war business cycles by statistical means alone.

Keywords: Monetary Policy; Business Cycle; Logical Time; Circular Flow; Keynesian Economic (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-1-137-31539-7_14

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DOI: 10.1057/9781137315397_14

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