Michal Kalecki

Kalecki, Michał


Born June 22, 1899, in Łódź; died Apr. 17, 1970, in Warsaw. Polish economist and statistician; member of the Polish Academy of Sciences (1957); recipient of an honorary doctorate from the University of Warsaw in 1964.

Kalecki studied at the Gdańsk Polytechnic Institute. From 1929 to 1935 he worked on problems of the national income of bourgeois Poland at the Research Institute of Market Conditions and Prices. In 1933, Kalecki created a mathematical economic model, the Kalecki mode, which describes the cyclical development of the capitalist economy. From 1936 he continued his studies and research first in Sweden and then in Great Britain. From 1940 he did research on problems of the military economy of Great Britain at the Oxford Institute of Statistics. From 1946 to 1954, Kalecki worked in the economic section of the UN Secretariat. After returning to Poland, Kalecki worked in planning agencies. From 1957 to 1960 he presided over the Main Commission for Long-term Planning. His postwar work was devoted to the problems of long-term planning of the rates of growth of the socialist economy and of national income. Kalecki was awarded the State Prize of the Polish People's Republic in 1966.


Próba teorii koniunktury. Warsaw, 1933.
Prace z teorii koniunktury 1933–1937. Warsaw, 1962.
Szkice o funkcjonowaniu wspótczesnego kapitalizmu. Warsaw, 1962.
Z zagadnień gospodarczo-spotecznych Polski Ludowej. Warsaw, 1964.
Zarys teorii wzrostu gospodarki socjalistycznej, 2nd ed. Warsaw, 1968.
Studia z zakresu koniunktury wspótczesnego kapitalizmu, vols. 1–4. Warsaw, 1957–60. (With A. Szeworski.)
Z zagadnień finansowania rozwoju krajow o “gospodarce mieszanej.” Warsaw, 1967. (With I. Sachs.)
Selected Essays on the Dynamics of the Capitalist Economy. Cambridge, 1971.
Selected Essays on the Economic Growth of the Socialist and the Mixed Economy. Cambridge, 1972.

M. M. SELITSKAIA [11–589–1; updated]

References in periodicals archive ?
The Polish economist Michal Kalecki, a co-inventor of Keynesian economics (and a distant relative of mine), predicted this politically motivated ideological reversal with uncanny accuracy back in 1943:
The Polish economist Michal Kalecki, a co-inventor of Keynesian economics (and a distant relative of mine), predicted this politically motivated ideological reversal with uncanny accuracy back in 1943: "The assumption that a government will maintain full employment in a capitalist economy if it knows how to do it is fallacious.
La oferta excedente de mano de obra, a la Michal Kalecki, es usada como un dispositivo de disciplinamiento para extraer un extra esfuerzo y productividad de los trabajadores.
This is an important book for anyone who is interested in the work of Michal Kalecki, and it can also serve as a good starting place for someone wanting to learn about Kalecki and his work and its importance.
So our elders and betters include the classical political economists and Marx; Alfred Marshall (1); Thorstein Veblen; Joseph Schumpeter; Allyn Young; Maynard Keynes; Richard Kahn, Austin and Joan Robinson, Piero Sraffa; Nicky Kaldor; Richard Goodwin, Luigi Pasinetti; and, independently and increasingly importantly, Michal Kalecki, in our view the greatest all-round economist of the 20th Century.
The Legacy of Rosa Luxemburg, Oskar Lange and Michal Kalecki
beaucoup moins que]Si la reduction des salaires monetaires est accompagnee d'une chute des salaires reels, associee a une augmentation de l'emploi, ceci conduit au resultat selon lequel la reduction des salaires monetaires provoque une augmentation de l'emploi[beaucoup plus grand que], soutiennent les auteurs citant l'economiste polonais Michal Kalecki (1899 -1970).
ed) (1990) Collected Works of Michal Kalecki, Volume I, Oxford, Clarendon Press.
Describing his theory in 1980, he indicated that it "draws upon or combines a line of thought which originated with Michal Kalecki and attained its most complete expression in the work of Josef Steindl, published in the early 1950s, Maturity and Stagnation in American Capitalism.
In a closely argued book, Patinkin (1982) has concluded that Michal Kalecki did not anticipate the theory of effective demand which underpins the IS curve.
As the great Polish economist Michal Kalecki explained brilliantly fifty years ago and the Reaganites understood instinctively, deficit spending is never a politically neutral economic policy instrument.