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Palgrave Macmillan

Economic Crisis and Political Economy

Volume 2 of Essays in Honour of Tadeusz Kowalik

ISBN 9781137335746
Publication Date December 2013
Formats Hardcover Ebook (EPUB) Ebook (PDF) 
Publisher Palgrave Macmillan
Series Palgrave Studies in the History of Economic Thought Series

Rosa Luxemburg, Oskar Lange and Michał 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 Łaski, 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.

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 Michał Kalecki An Intellectual Biography: Volume I Rendezvous in Cambridge 1899-1939 (2013)

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. Michał 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 Łaski 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
Tadeusz Kowalik: A Bibliography

Ewa Karwowski, The School of Oriental and African Studies, University of London, UK

Riccardo Bellofiore, University of Bergamo, Italy

Jan Toporowski, The School of Oriental and African Studies, University of London, UK

Alberto Chilosi, University of Pisa, Italy

John King, La Trobe University, Australia

Gary Dymski, University of Leeds, UK

D. Mario Nuti, University of Rome, Italy

Alessandro Vercelli, University of Siena, Italy

Kazimierz Laski, Johannes Kepler University, Austria

Leon Podkaminer, The Vienna Institute for International Economic Studies, wiiw, Austria

Edwin Le Heron, University of Bordeaux, France

Malcolm Sawyer, University of Leeds, UK

Janusz Tomidajewicz, Poznan University of Economics, Poland

Pat Devine, Manchester University, UK

Paul Mattick, USA

Marc Lavoie, University of Ottawa, Canada

Paul Auerbach, Kingston University, London, UK

Dimitris P. Sotiropoulos, National Technical University of Athens, Greece


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