Michal Kalecki

(1899—1970) economist and policy adviser

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(1899 –1970) An economist often regarded as a follower and interpreter of John Maynard Keynes. Kalecki's work, however, anticipated Keynes's in some important respects. His Essay on Business Cycle Theory (1933) theorized the capitalist economy as a demand-determined system three years before the publication of Keynes's General Theory.


From Dictionary of the Social Sciences in Oxford Reference.

Subjects: Social Sciences.

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