Polish economist Michal Kalecki is often linked with the “Keynesian revolution,” but Kalecki’s view of capitalism was much more radical than Keynes’s. His ideas are a vital tool for understanding how the system works, and how it might be overcome.
Jan Toporowski is professor of economics and finance at SOAS, University of London. His works include Michał Kalecki: An Intellectual Biography.
Polish economists like Oskar Lange and Michał Kalecki produced highly creative models of how a socialist system could work, balancing equality and efficiency. But Poland’s Communist government neglected their ideas, sowing the seeds of its eventual demise.