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The Influence of Michal Kalecki on Joan Robinson’s Approach to Economics

Author

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  • Peter Kriesler

    (School of Economics, University of New South Wales)

  • G. C. Harcourt

    (Jesus College Cambridge and University of New South Wales)

Abstract

Joan Robinson and Michal Kalecki were two of the intellectual giants of twentieth century economics, whose contributions over a significant range of issues have had major impacts on economics. This paper examines the significant communications between them, concentrating on the major cross influences which were apparent from the first time that they met. It focuses on Kalecki’s influence on Joan Robinson in a number of areas. In particular, there was much communication between them about developments in Keynesian theory, where Joan Robinson was influenced by Kalecki’s Marxian approach. Further areas of influence included the role and determination of investment and innovation, the nature of price setting in capitalist economies, and methodological issues associated with the nature of economic theory, particularly with respect to economic cycles and trends.

Suggested Citation

  • Peter Kriesler & G. C. Harcourt, 2010. "The Influence of Michal Kalecki on Joan Robinson’s Approach to Economics," Discussion Papers 2010-21, School of Economics, The University of New South Wales.
    • Handle: RePEc:swe:wpaper:2010-21
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    File URL: http://research.economics.unsw.edu.au/RePEc/papers/2010-21.pdf
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    Cited by:

    1. G. C. Harcourt & Peter Kriesler, 2014. "Michał Kalecki and Rosa Luxemburg on Marx’s Schemes of Reproduction: Two Incisive Interpreters of Capitalism," Palgrave Studies in the History of Economic Thought, in: Riccardo Bellofiore & Ewa Karwowski & Jan Toporowski (ed.), The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki, chapter 1, pages 9-18, Palgrave Macmillan.
    2. Massimo Cingolani, 2010. "PPP Financing in the Road Sector: A Disequilibrium Analysis Based on the Monetary Circuit," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 17(3), pages 513-550, September.

    More about this item

    Keywords

    History of Economic Thought since 1925; Current Heterodox Approaches; Economic Methodology;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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