Kalecki and the Stucturalist View of Economic Development

Jan Toporowski
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Jan Toporowski: International University College

No inetwp234, Working Papers Series from Institute for New Economic Thinking

Abstract: This paper commemorates the 70th anniversary of Kalecki's seminal lecture in Mexico on financing economic development. The first part of this paper outlines the theoretical model underlying Kalecki's view of development financing. A second part of the paper summarizes the foundations of structuralist development economics in the Prebisch-Singer approach to international trade and import-substitution development strategies. A third part of the paper examines the confrontation between Kalecki’s view of economic development strategy, and the structuralist approach, in the case of Cuba, highlighting the differences between the two approaches. A fourth part concludes with some reflections on the relevance today of structuralism and Kalecki's view of economic development.

Keywords: Kalecki; structuralist economics; economic development; development finance; land reform; import substitution; Prebisch-Singer. (search for similar items in EconPapers)
JEL-codes: B24 B31 F54 O11 O19 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2025-06-06
New Economics Papers: this item is included in nep-fdg, nep-his, nep-hme, nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:thk:wpaper:inetwp234

DOI: 10.36687/inetwp234

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