Kalecki was one of an important generation of Cambridge economists. Here, Tracy Mott's impressive book examines the relationship of Kalecki's economics to different economic areas and its relationship to major alternative schools, such as Keynes and Marx. Mott looks at Kalecki's 'principle of increasing risk' and how it gives the way in which the reproduction and expansion of wealth can bring a coherent unity to economic analysis. In so doing, it makes sense out of the fundamental conclusions of Keynesian economics on the underemployment of labour and capital.

This timely book studies the economic theories of credit cycles and disturbances in the 20th century, presenting a nuanced view of the role of finance in the economy after the financial crash of 2008. Focusing on the work of economists from Marx onwards, Jan Toporowski moves beyond conventional monetary theory to offer an insightful critical alternative to current financial macroeconomics.

These essays, though formally independent, nevertheless constitute a whole, each one preparing the way for the succeeding chapter.

Michael Kalecki was a Polish economist who independently discovered many of the key concepts of what is now identified as Keynesian theory. His contribution to macroeconomics was late in being acknowledged, but his work can be seen to have resounding influence on some of today's economic problems. The analyses presented in this book serve to scruti

Michael Kalecki is thought by many to be the true standard bearer of theories of mixed economy, and it can be argued that John Maynard Keynes stole his crown undeservedly. Kaleckian ideas are becoming more and more influential.

This book shows how the realistic foundations and stylized facts of Post-Keynesian economics give rise to macroeconomic implications that are different from those of received wisdom with regards to employment, output growth, inflation and monetary theory, and offers an alternative to neoclassical economics and its free-market economic policies.