By Michal Kalecki

First version of Michal Kalecki's essays on capitalist financial system, containing his most important contributions to the field.

Michał Kalecki (1899 – 1970) used to be one of many most effective economists of the 20 th century. even if Kalecki is often considered as a follower of John Maynard Keynes, Kalecki's paintings frequently predated Keynes'. for example, Kalecki's Essay on enterprise Cycle concept (1933) postulated the capitalist economic system as a demand-determined method 3 years prior to the booklet of Keynes's common conception. even if, simply because Kalecki usually released in his local Polish, Keyne's paintings ordinarily gets extra attractiveness within the English-speaking international.

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Extra resources for Selected Essays on the Dynamics of the Capitalist Economy 1933-1970

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Keohane, Robert 0. (2011), "The old IPE and the new," in Nicola Phillips and Catherine E. Weaver (eds), International Political Economy: Debating the Past, Present and Future, London: Routledge, pp. 34-46. Kirshner, Jonathan (1995), Currency and Coercion: The Political Economy of International Monetary Power, Princeton, NJ:Princeton University Press. Kirshner, Jonathan (2007), Appeasing Bankers: Financial Caution on the Road to War, Princeton, NJ: Princeton University Press. Koremenos, Barbara, Charles Lipson and Duncan Snidal (eds) (2003), The Rational Design of International Institutions, New York: Cambridge University Press.

Neoclassical is the label given to the mainstream discipline of economics following the profession's divorce from political science in the late nineteenth century. Since then, economic scholarship has grown increasingly abstract, relying ever more on deductive logic and parsimonious models to pare messy reality down to its bare essentials. The prevailing style, as in the physical sciences, is reductionist. The aim is to uncover universal truths - "to predict something large from something small," as a prominent economist once put it (Johnson 1971: 9).

23-35. Cohn, Theodore (2012), Global Political Economy, sixth edition, Boston: Longman. Bradford (2005), "Sisyphus as social democrat: the life and legacy of John Kenneth Galbraith," Foreign Affairs, 84 (3), 126-130. Drezner, Daniel W. (2007), All Politics is Global: Explaining International Regulatory Regimes, Princeton, NJ:Princeton University Press. Elms, Deborah Kay (2006), "New directions for IPE: drawing from behavioral economics," paper prepared for the inaugural meeting of the International Political Economy Society, Princeton, NJ, November.

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