The sweet-and-sour soup of Michał Kalecki's political economy

• Autorzy: Aleksander Sulejewicz
• Języki publikacji: EN

Abstrakty

EN

Leszek Jasiński [2019] attempts, as the title indicates, "a reading after half a century" of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today. On careful reading, virtually none of the models and theories by Kalecki selected by Jasiński for appraisal has entered mainstream neoclassical economic research and graduate academic teaching. Most of his policy advice was also neglected by the Capitalist State, (post)Stalinist "socialist" State, and "Intermediate Regimes" in developing countries. His opus remains original, advanced, insightful but heterodox in all contexts. Our main thesis is that, toutes proportions gardées, Jasiński is signalling an attempt to repeat the absorption of 'bastardised' Keynesianism into the mainstream "grand neoclassical synthesis" in the 1940s/50s with selected, reinterpreted, 'bastardised' Kaleckian ideas today. We also doubt that the unilinear view of the history of economic thought can be sustained.(original abstract)

Słowa kluczowe

EN

Economics; Economic models; History of economic thought

PL

Ekonomia; Modele ekonomiczne; Historia myśli ekonomicznej

• Czasopismo: International Journal of Management and Economics
• Rocznik: 2020
• Tom: 56
• Numer: nr 3
• Strony: 275--279

Twórcy

autor

Aleksander Sulejewicz

• Warsaw School of Economics, Poland

Bibliografia

• Klein, L. (1951), The life of John Maynard Keynes, Journal of Political Economy, No. 59, pp. 443-451.
• Łaski, K. (2015), Wykłady z makroekonomii: gospodarka kapitalistyczna bez bezrobocia, Polskie Towarzystwo Ekonomiczne, Warszawa.
• Sulejewicz, A. (2019), Michał Kalecki - niedoceniany innowator światowej ekonomii, czyli losy ekonomisty heterodoksyjnego, in: Mieczysław Szostak, (Ed), Z dziejów Wydziału Handlu Zagranicznego i Kolegium Gospodarki Światowej Szkoły Głównej Handlowej w Warszawie. Siedemdziesięciolecie 1949-2019, OW SGH.
• Mark Blaug (2001), No History of Ideas, Please, We're Economists, Journal of Economic Perspectives, p. 154.
• Jean Baptiste Say, Cours complet d'économie politique pratique, Neuvième partie, Bruxelles 1844, p. 562.
• Inter alia Sulejewicz, A. (1999) Michał Kalecki and Industrial Organisation, paper presented at the Conference on the 100th the Anniversary of Michał Kalecki, Warsaw.
• Feiwel, G.R.(1972),Introduction to: M. Kalecki, The last phase in the transformation of capitalism, Monthly Review Press, New York, p. 8.9.
• Dobrska, Z., Kalecki, M. On the Developing Economies of the Third World, in M. Kalecki, Collected Works, Vol. V, Annex 3, pp. 237-246.
• Krugman, P. Phony Fear Factor, The New York Times, 8 August, 2008.
• The essay in question is the famous Kalecki's Political Aspects of Full Employment, Political Quarterly, 1943, pp. 1-9.
• Samuelson, P. (1987), Out of the closet: a program for the Whig history of economic science (keynote address), History of Economics Society Bulletin, No. 9, pp. 51-60.

Identyfikatory

DOI

https://doi.org/10.2478/ijme-2020-0016