<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Leszek Jasiński [2019] attempts, as the title indicates, “a reading after half a century” of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today. On careful reading, virtually none of the models and theories by Kalecki selected by Jasiński for appraisal has entered mainstream neoclassical economic research and graduate academic teaching. Most of his policy advice was also neglected by the Capitalist State, (post)Stalinist “socialist” State, and “Intermediate Regimes” in developing countries. His <italic>opus</italic> remains original, advanced, insightful but heterodox in all contexts. Our main thesis is that, <italic>toutes proportions gardées</italic>, Jasiński is signalling an attempt to repeat the absorption of ‘bastardised’ Keynesianism into the mainstream “grand neoclassical synthesis” in the 1940s/50s with selected, reinterpreted, ‘bastardised’ Kaleckian ideas today. We also doubt that the unilinear view of the history of economic thought can be sustained.</p></abstract>

Leszek Jasiński [2019] attempts, as the title indicates, “a reading after half a century” of Michał Kalecki's thought. We dispute the main claim in the book, i.e. that Kalecki has a firm place in contemporary mainstream economics and was the originator of many ideas generally accepted today. On careful reading, virtually none of the models and theories by Kalecki selected by Jasiński for appraisal has entered mainstream neoclassical economic research and graduate academic teaching. Most of his policy advice was also neglected by the Capitalist State, (post)Stalinist “socialist” State, and “Intermediate Regimes” in developing countries. His opus remains original, advanced, insightful but heterodox in all contexts. Our main thesis is that, toutes proportions gardées, Jasiński is signalling an attempt to repeat the absorption of ‘bastardised’ Keynesianism into the mainstream “grand neoclassical synthesis” in the 1940s/50s with selected, reinterpreted, ‘bastardised’ Kaleckian ideas today. We also doubt that the unilinear view of the history of economic thought can be sustained.

The sweet-and-sour soup of Michał Kalecki's political economy

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"The sweet-and-sour soup of Michał Kalecki's political economy"}

Leszek Jasiński [2019] attempts, as the title indicates, “a reading after half a century” of Michał Kalecki's thought. We dispute the main claim in the book,...

The sweet-and-sour soup of Michał Kalecki's political economy

Article Category: Review

Online veröffentlicht: 01. Sept. 2020

Seitenbereich: 275 - 279

Eingereicht: 14. Juni 2020

Akzeptiert: 18. Juni 2020

DOI: https://doi.org/10.2478/ijme-2020-0016

Schlüsselwörter
Michał Kalecki, heterodox economics, economic models, history of economic thought

© 2020 Aleksander Sulejewicz, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

The sweet-and-sour soup of Michał Kalecki's political economy

Article Category: Review

Online veröffentlicht: 01. Sept. 2020

Seitenbereich: 275 - 279

Eingereicht: 14. Juni 2020

Akzeptiert: 18. Juni 2020

DOI: https://doi.org/10.2478/ijme-2020-0016

SchlüsselwörterMichał Kalecki, heterodox economics, economic models, history of economic thought

© 2020 Aleksander Sulejewicz, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Schlüsselwörter
Michał Kalecki, heterodox economics, economic models, history of economic thought