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Michał Kalecki

Michał Kalecki
Michal Kalecki.jpg
Born (1899-06-22)22 June 1899
Łódź, Congress Poland
Died 18 April 1970(1970-04-18) (aged 70)
Warsaw, Polish People's Republic
Nationality Polish
Field Macroeconomics
School or
tradition
Marxian economics, Neo-Marxian economics, Keynesian economics, Post-Keynesian economics
Alma mater Gdańsk Polytechnic
Influences François Quesnay, Karl Marx, Knut Wicksell, Mikhail Tugan-Baranovsky, Rosa Luxemburg, Joseph Schumpeter
Influenced Nicholas Kaldor, Joan Robinson, Richard Kahn, Luigi Pasinetti, Alfred Eichner, John Eatwell, Josef Steindl, Piero Sraffa, Hyman Minsky, Marc Lavoie, Lance Taylor, Lawrence Klein,Jan Kregel, John Maynard Keynes,Athanasios Asimakopulos, Paul Sweezy, Paul A. Baran, Richard M. Goodwin, Robin Hahnel, Bill Mitchell, Jonathan Nitzan, Shimshon Bichler, Yanis Varoufakis, John Kenneth Galbraith, Tadeusz Kowalik, Kazimierz Łaski
Contributions Business cycle theory, monetary theory, profit equation, theories of mark-up and effective demand

Michał Kalecki ([ˈmixau̯ kaˈlɛt͡ski]; 22 June 1899 – 18 April 1970) was a Polish economist. Over the course of his life, Kalecki worked at the London School of Economics, University of Cambridge, University of Oxford and Warsaw School of Economics and was an economic advisor to the governments of Poland, Cuba, Israel, Mexico and India. He also served as the deputy director of the United Nations Economic Department in New York City.

Kalecki has been called "one of the most distinguished economists of the 20th century." It is often claimed that he developed many of the same ideas as John Maynard Keynes before Keynes, but he remains much less known to the English-speaking world. He offered a synthesis that integrated Marxist class analysis and the then-new literature on oligopoly theory, and his work had a significant influence on both the Neo-Marxian (Monopoly Capital) and Post-Keynesian schools of economic thought. He was also one of the first macroeconomists to apply mathematical models and statistical data to economic questions. Being a person of leftist convictions, Kalecki emphasized the social aspects and consequences of economic policies.


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