Michał Kalecki a współczesne problemy rozwoju gospodarki kapitalistycznej
Michał Kalecki and the Contemporary Development Problems of Capitalist Economy

Summary/Abstract: This paper presents the studies of Michał Kalecki on the dynamics and cyclical development of the capitalist economy, which brought him the largest renown and esteem and which are further developed and reinterpreted, notably in the framework of the contemporary post-Keynesian economics. In the introduction, the author shows the axiology of the Kalecki’s research on the developed capitalist economy, centrally planned economy, and the economy of the ‘Third World’. The first section presents the Kalecki’s model of business cycle and the dynamics of the capitalist economy. This model, being his own version of the effective demand theory, has become the analytical framework for his theory of full employment and policy recommendations derived thereof, which are discussed in section two. Section three shows basic differences between the capitalist economy that existed during the Great Depression of the years 1929–33 up to about the half of the seventies of the last century and the economy of the contemporary global capitalism. The author tries to indicate how Kalecki might have approached the challenges of the contemporary financial capitalism and what kind of policy recommendations could he suggest according to his axiology as to the aims of economic activity.

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