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Palgrave Macmillan

Economic Crisis and Political Economy

Volume 2 of Essays in Honour of Tadeusz Kowalik

  • Book
  • © 2014

Overview

Editors:
  1. Riccardo Bellofiore

    1. University of Bergamo, Italy

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  2. Ewa Karwowski

    1. School of Oriental and African Studies, University of London, UK

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  3. Jan Toporowski

    1. School of Oriental and African Studies, University of London, UK

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Part of the book series: Palgrave Studies in the History of Economic Thought (PHET)

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About this book

Rosa Luxemburg, Oskar Lange and Micha? Kalecki made important contributions to twentieth century political economy that guided the thinking of their student Tadeusz Kowalik. The chapters of this volume examine how the ideas of Luxemburg, Lange, Kalecki and Kowalik can illuminate our understanding of the crisis in twenty-first century capitalism.

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Table of contents (15 chapters)

  1. Front Matter

    Pages i-xi
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  2. Introduction: Tadeusz Kowalik and the Political Economy of the 20th Century

    • Riccardo Bellofiore, Ewa Karwowski, Jan Toporowski
    Pages 1-9

  3. The Economic System as an End or as a Means, and the Future of Socialism: An Evolutionary Viewpoint

    • Alberto Chilosi
    Pages 10-28

  4. Whatever Happened to the ‘Crucial Reform’?

    • John E. King
    Pages 29-41

  5. ‘Crucial Reform’ in Post-War Socialism and Capitalism: Kowalik’s Analysis and the Polish Transition

    • Gary A. Dymski
    Pages 42-61

  6. Michał Kalecki’s Capitalist Dynamics from Today’s Perspective

    • D. Mario Nuti
    Pages 62-73

  7. ‘Political Aspects of Persisting Unemployment’: Kalecki and Beyond

    • Alessandro Vercelli
    Pages 74-87

  8. The Dynamics of Competition

    • Ewa Karwowski
    Pages 88-105

  9. Net Private Savings in Relation to the Government’s Financial Balance

    • Kazimierz Łaski, Leon Podkaminer
    Pages 106-112

  10. Confidence, Increasing Risks, Income Distribution and Crisis in a Post-Kaleckian Stock-Flow Consistent Model

    • Edwin Le Heron
    Pages 113-138

  11. Kalecki’s Macroeconomic Analysis and the ‘Great Recession’

    • Malcolm Sawyer
    Pages 139-152

  12. ‘The Accumulation of Capital’ of Rosa Luxemburg, and Systemic and Structural Reasons for the Present Crisis

    • Janusz J. Tomidajewicz
    Pages 153-167

  13. Capitalism, Crisis, Growth and Ecology

    • Pat Devine
    Pages 168-179

  14. Trend and Cycle: On the Timeliness of Grossman’s Breakdown Theory

    • Paul Mattick
    Pages 180-197

  15. Macroeconomic Paradoxes with Kalecki and Kaleckians

    • Marc Lavoie
    Pages 198-211

  16. Revisiting the Socialist Calculation Debate: The Role of Markets and Finance in Hayek’s Response to Lange’s Challenge

    • Paul Auerbach, Dimitris P. Sotiropoulos
    Pages 212-230

  17. Back Matter

    Pages 231-267
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Editors and Affiliations

  • University of Bergamo, Italy

    Riccardo Bellofiore

  • School of Oriental and African Studies, University of London, UK

    Ewa Karwowski, Jan Toporowski

About the editors

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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