Economic Crisis and Political Economy Volume 2 of Essays in Honour of Tadeusz Kowalik

by Bellofiore, Riccardo; Karwowski, Ewa; Toporowski, Jan

• ISBN13: 9781137335746
• ISBN10: 1137335742
• Format: Hardcover
• Copyright: 2013-12-17
• Publisher: Palgrave Macmillan

Summary

Rosa Luxemburg, Oskar Lange and Michal Kalecki made important contributions to twentieth century political economy that guided the thinking of their student Tadeusz Kowalik. A wide range of contributors to this volume, including Alberto Chilosi, Gary Dymski, John King, Mario Nuti, Alessandro Vercelli, Kazimierz Laski, Leon Podkaminer, Edwin Le Heron, Malcolm Sawyer, Janusz Tomidajewicz, Pat Devine, Paul Mattick, Marc Lavoie, Paul Auerbach and Dimitris Sotiropoulos, examine how the ideas of Luxemburg, Lange, Kalecki and Kowalik, from finance to macroeconomics, the business cycle and the possibilities of Keynesian stabilisation, to illuminate our understanding of the crisis in twenty-first century capitalism.

Author Biography

Ewa Karwowski is an Economics PhD Student at the School of Oriental and African Studies, London, UK. She completed her Masters in Development Economics at the School of Oriental and African Studies in 2008.

Riccardo Bellofiore is Professor of Political Economy at the University of Bergamo, Italy. He teaches Monetary Economics, Advanced Macroeconomics, International Monetary Economics and History of Economic Thought.
 
Jan Toporowski studied Economics at Birkbeck College, University of London, and at the University of Birmingham, UK. He worked in fund management and international banking and as a Visiting Research Fellow at the Bank of Finland. His most recent book is Michal Kalecki An Intellectual Biography: Volume I Rendezvous in Cambridge 1899-1939 (2013)

Table of Contents

Introduction; Riccardo Bellofiore, Ewa Karwowski and Jan Toporowski
1. The Economic System as an End or as a Means and the Future of Socialism: an Evolutionary Viewpoint; Alberto Chilosi
2.Whatever Happened to the Crucial Reform?; John King
3. 'Crucial Reform' in Post-War Socialism and Capitalism: Kowalik's Analysis and the Polish Transition; Gary Dymski
4. Michal Kalecki's Political Cycle from Today's Perspective: An introduction; D. Mario Nuti
5. Political Aspects of Persisting Unemployment: Kalecki and beyond; Alessandro Vercelli
6. The Dynamics of Competition; Ewa Karwowski
7. Net Private Savings in Relation to the Government's Financial Balance; Kazimierz Laski and Leon Podkaminer
8. Confidence, Increasing Risk and Crisis in a Post-Kaleckian Stock-Flow Consistent Model; Edwin Le Heron
9. Kalecki's Analysis and the Great Recession; Malcolm Sawyer
10. Systemic and Structural Sources of Present Crisis and 'The Accumulation of Capital' by Rosa Luxemburg; Janusz Tomidajewicz
11. Capitalism, Crisis, Growth and Ecology; Pat Devine
12. Trend and Cycle: On the Timeliness of Grossman's Breakdown Theory; Paul Mattick
13. Macroeconomic Paradoxes with Kalecki and Kaleckians; Marc Lavoie
14. Revisiting the Socialist Calculation Debate: The Role of Finance in Hayek's Response to Lange's Challenge; Paul Auerbach and Dimitris P. Sotiropoulos
References
Tadeusz Kowalik: A Bibliography