Rosa Luxemburg, Oskar Lange and Michał Kalecki made important contributions to twentieth century political economy that guided the thinking of their student Tadeusz Kowalik. A wide range of contributors to this volume, including Alberto Chilosi, Gary Dymski, John King, Mario Nuti, Alessandro Vercelli, Kazimierz Łaski, Leon Podkaminer, Edwin Le Heron, Malcolm Sawyer, Janusz Tomidajewicz, Pat Devine, Paul Mattick, Marc Lavoie, Paul Auerbach and Dimitris Sotiropoulos, examine how the ideas of Luxemburg, Lange, Kalecki and Kowalik, from finance to macroeconomics, the business cycle and the possibilities of Keynesian stabilisation, to illuminate our understanding of the crisis in twenty-first century capitalism.
Author(s): Jan Toporowski, Ewa Karwowski, Riccardo Bellofiore (eds.)
Series: Palgrave Studies in the History of Economic Thought Series
Publisher: Palgrave Macmillan
Year: 2014
Language: English
Pages: 282
Tags: Economic Policy; Economic Theory/Quantitative Economics/Mathematical Methods; Economic History; Methodology/History of Economic Thought; Political Economy; World History, Global and Transnational History
Front Matter....Pages i-xi
Introduction: Tadeusz Kowalik and the Political Economy of the 20th Century....Pages 1-9
The Economic System as an End or as a Means, and the Future of Socialism: An Evolutionary Viewpoint....Pages 10-28
Whatever Happened to the ‘Crucial Reform’?....Pages 29-41
‘Crucial Reform’ in Post-War Socialism and Capitalism: Kowalik’s Analysis and the Polish Transition....Pages 42-61
Michał Kalecki’s Capitalist Dynamics from Today’s Perspective....Pages 62-73
‘Political Aspects of Persisting Unemployment’: Kalecki and Beyond....Pages 74-87
The Dynamics of Competition....Pages 88-105
Net Private Savings in Relation to the Government’s Financial Balance....Pages 106-112
Confidence, Increasing Risks, Income Distribution and Crisis in a Post-Kaleckian Stock-Flow Consistent Model....Pages 113-138
Kalecki’s Macroeconomic Analysis and the ‘Great Recession’....Pages 139-152
‘The Accumulation of Capital’ of Rosa Luxemburg, and Systemic and Structural Reasons for the Present Crisis....Pages 153-167
Capitalism, Crisis, Growth and Ecology....Pages 168-179
Trend and Cycle: On the Timeliness of Grossman’s Breakdown Theory....Pages 180-197
Macroeconomic Paradoxes with Kalecki and Kaleckians....Pages 198-211
Revisiting the Socialist Calculation Debate: The Role of Markets and Finance in Hayek’s Response to Lange’s Challenge....Pages 212-230
Back Matter....Pages 231-267
