Michal Kalecki Article Index for
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Michal Kalecki




Kalecki's works from 1933 to 1935 introduced many principles stated in John Maynard Keynes 's General Theory Of Employment, Interest And Money (published February, 1936 ). However, as Kalecki's works were published in Polish Language (and a few of them in French as well), they were thus unknown and unrecognised by the wider world. Kalecki's claim of precendence to Keynes, published in his 1936 article was again forgotten as the article was untranslated to English.

Only his later works were published in English, but the previous 2-3 years delay have cost him much fame, which fall to wider read English publications of John Maynard Keynes. Eventually, Kalecki's theories on Business Cycle s (1935, 1937, 1939, 1943, 1954), did gain him some fame for their advancement of the use of Mathematical Dynamics in economics. His work also incorporated several Classical and Marxist concepts, relying extensively on the theories of " Class Conflict ", Income Distribution and Imperfect Competition - items which would in time inspire the Cambridge Keynesians - particularly Joan Violet Robinson , Nicholas Kaldor and Richard M. Goodwin - as well as modern Post-Keynesian Economics .

In his study of Marxian-type Unemployment and Business Cycle he blamed government inefficiency for unemployment.

In Cost-of-production Theory Of Value , he distinguished between sectors with "cost-determined prices" (such as manufacturing and services) and those with "demand-determined prices" (such as agriculture and raw material extraction).


PUBLICATIONS

# "Mr Keynes's Predictions", 1932, Przeglad Socjialistyczny.
# An Essay on the Theory of the Business Cycle, 1933.
# "Essai d'une theorie du mouvement cyclique des affaires", 1935, Revue d'economie politique.
# "A Macrodynamic Theory of Business Cycles", 1935, Econometrica.
# "The Mechanism of Business Upswing", 1935, Polska Gospodarcza.
# "Some Remarks on Keynes's Theory", 1936, Ekonomista.
# "A Theory of the Business Cycle", 1937, RES.
# "A Theory of Commodity, Income and Capital Taxation", 1937, EJ.
# "The Principle of Increasing Risk", 1937, Economica.
# "The Determinants of Distribution of the National Income", 1938, Econometrica.
# Essays in the Theory of Economic Fluctuations, 1939.
# "A Theory of Profits", 1942, EJ.
# Studies in Economic Dynamics, 1943.
# "Political Aspects of Full Employment", 1943, Political Quarterly.
# "Professor Pigou on the Classical Stationary State", 1944, EJ.
# "Three Ways to Full Employment", 1944 in Economics of Full Employment.
# "A Note on Long Run Unemployment", 1950, RES.
# Theory of Economic Dynamics: An essay on cyclical and long- run changes in capitalist economy, 1954.
# "Observations on the Theory of Growth", 1962, EJ.
# Studies in the Theory of Business Cycles, 1933-1939, 1966.
# "The Problem of Effective Demand with Tugan-Baranovski and Rosa Luxemburg", 1967, Ekonomista.
# "The Marxian Equations of Reproduction and Modern Economics", 1968, Social Science Information.
# "Trend and the Business Cycle", 1968, EJ.
# "Class Struggle and the Distribution of National Income", 1971, Kyklos.
# Selected Essays on the Dynamics of the Capitalist Economy, 1933-1970, 1971.
# Selected Essays on the Economic Growth of the Socialist and the Mixed Economy, 1972.
# The Last Phase in the Transformation of Capitalism, 1972.
# Essays on Developing Economies, 1976.


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