A Portrait-Sketch of Michal Kalecki

Steindl, Josef

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Document type:: Works

Collection:: Josef Steindl Collection

Title:: A Portrait-Sketch of Michal Kalecki

Author:: Steindl, Josef

Scope:: Typoskript, 10 Seiten

Year of publication:: 1981

Source material date:: [vermutlich um 1981]

Language:: English

Note:: Fassung zur Publikation "A Personal Portrait of Michal Kalecki".

Related work:: Steindl, Josef: A Personal Portrait of Michal Kalecki. In: Journal of Post Keynesian Economics, Vol. 3, No. 4, 1981, S. 590-596

Topic:: Economic history,economic theory,current developments

JEL Classification:: E11 [General Aggregative Models: Marxian, Sraffian, Kaleckian] B31 [History of Economic Thought: Individuals]

Shelfmark:: S/M.73.1

Access:: Free access

8 A side-line was his activity as an advisor in various development countries. According to-E.Lipinski he was forever in search of an enlightened socialist "principe" who would listen to his advisors attentively and appreciate not sub servience but independent judgement and devotion to the public interest. "He searched for such a ruler from Havanna to New Delhi." (E.Lipinski, Polish perspectives, Sept.1971). His work on the perspective plan in Poland has already been mentioned. In close connection with this work Kalecki developed the theoretical basis of planning in a book devoted to growth problems in socialism. The contents of his theory of growth in socialism are quite different from the theory of capitalism: supply, not demand problems dominate here. The basic problem to be solved by socialist planning is. the contradiction between consumption and investment and not the problem of insufficient markets. Another important problem is created by different bottlenecks of which the most important is the balance of payments constraint. As a result planning requires moderation in investments projects. Kalecki struggled for a realistic policy 1) in accordance with this theory but was not sucessful. 1) The struggle for a realistic policy is well illustrated in the last chapter of G.Feiwels book "The Intellectual Capital of Michal Kalecki". The University of Tennessee Press 1975.. This book also contains a bibliography of Kalecki's works.

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