Volume 23, Number 3 · March 4, 1976
Michal Kalecki: A Neglected Prophet
By Joan Robinson
WORKS REFERRED TO IN THIS ESSAY
The Intellectual Capital of Michal Kalecki: A Study in Economic Theory and Policy
by George R. Feiwel
University of Tennessee Press
Selected Essays on the Dynamics of the Capitalist Economy, 1933-1970
by Michal Kalecki
Cambridge University Press
"Political Aspects of Full Employment"
by Michal Kalecki in Political Quarterly
Vol. 14 pp.
Collected Economic Papers, Volume 4
by Joan Robinson
Humanities Press
The General Theory of Employment, Interest and Money
by J.M. Keynes
Harcourt Brace
In the natural sciences it is common enough for the same discovery to come almost simultaneously from two independent sources. As a subject develops it throws up a new problem and two equally original minds find the same answer, which turns out to be validated by further work. In the history of economic thought, there is one notable example of this phenomenon, the discovery of the theory of employment by Maynard Keynes and Michal Kalecki. In the social sciences, experiments are not made in laboratories but thrown up by history. The problem to which both Keynes and Kalecki were searching for an answer was the breakdown of the market economy in the great depression of the 1930s.
Review, 4316 words
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