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Jan Toporowski and Lukasz Mamica(eds), Michał Kalecki in the 21st Century. Palgrave Macmillan: London, 2014; Hardcover, e-book, 280 pp.: 9781137428295, RRP USD84.35.

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Jan Toporowski and Lukasz Mamica (eds), Michał Kalecki in the 21st Century. Palgrave Macmillan: London, 2014; Hardcover, e-book, 280 pp.: 9781137428295, RRP USD84.35.

Published online by Cambridge University Press:  01 January 2023

Robert Dixon
Robert Dixon*
Affiliation:
The University of Melbourne, Australia
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Type
Book reviews
Information
The Economic and Labour Relations Review , Volume 26 , Issue 4: Special Collection: Union Organising and Revitalisation , December 2015 , pp. 694 - 697
Copyright
Copyright © The Author(s) 2015

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References

Notes

1. JK Galbraith once stated that Kalecki was ‘the most innovative figure in economics I have known, not excluding Keynes’ (cited on p. 64 of the volume under review).

2. A complete listing of all the contributors and the titles of their chapters may be found here: http://www.palgraveconnect.com/pc/doifinder/view/10.1057/9781137428288.0001

3. The model is also known as ‘the Fel’dman-Mahalanobis Model’, as in the hands of Mahalanobis it played an important role in Indian planning.

4. It is interesting that Lavoie refers to perfect competition as the reference point in orthodox economics. In fact, these days it is more likely to be monopolistic competition (but the point being made by Lavoie is unaffected by this criticism).