Abstract
This article gives an outline of the life and work of Michał Kalecki, in particular his contributions on macroeconomics in capitalist economics, including his discoveries of the role of effective demand, the significance of investment, the interplay between profits and investment and the degree of monopoly. His writings on socialism and on development are also outlined.
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Sawyer, M. (2018). Kalecki, Michal (1899–1970). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_787
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DOI: https://doi.org/10.1057/978-1-349-95189-5_787
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
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