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Michał Kalecki and Rosa Luxemburg on Marx’s Schemes of Reproduction: Two Incisive Interpreters of Capitalism

In: The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki

Author

Listed:
  • G. C. Harcourt

    (University of New South Wales
    University of Cambridge
    University of Adelaide)

  • Peter Kriesler

    (University of New South Wales)

Abstract

In addition to his own contributions to economic thought, Tadeusz Kowalik has added substantially to our knowledge of three great Polish economists, Rosa Luxemburg, Oskar Lange and Michał Kalecki. He edited collections of their works and has contributed to our understanding of their contemporary relevance. He co-authored with Kalecki a sequel to the latter’s fundamental contribution to political economy, ‘Political aspects of full employment’ (Kalecki, 1943a), considering the question of whether a crucial reform had occurred in capitalist economies to allow full employment to be maintainable (Kalecki and Kowalik, 1971). Kowalik was joint editor of the Polish editions of the collected works of both Oskar Lange and (with Jerzy Osiatyński) Kalecki, as well as editing a new edition of Rosa Luxemburg’s The Accumulation of Capital. In addition, he has written extensively on the writings of Kalecki and Luxemburg, arguing that ‘Michał Kalecki’s theory is the best theoretical continuation and solution to the main problems that Rosa Luxemburg wanted to solve in her magnus opum’ [sic] (Kowalik, 2009: p. 102).

Suggested Citation

  • 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.
    • Handle: RePEc:pal:pshchp:978-1-137-33560-9_2
    DOI: 10.1057/9781137335609_2
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    References listed on IDEAS

    as
    1. G. C. Harcourt & Peter Kriesler, 2011. "The Influence of Michał Kalecki on Joan Robinson’s Approach to Economics," Palgrave Macmillan Books, in: Philip Arestis (ed.), Microeconomics, Macroeconomics and Economic Policy, chapter 9, pages 153-169, Palgrave Macmillan.
    2. Joseph Halevi & Peter Kriesler, 1998. "Marx or Hicks? Structural Proportions and Crisis: The Transition from the First to the Third Volume of Capital," Palgrave Macmillan Books, in: Riccardo Bellofiore (ed.), Marxian Economics: A Reappraisal, chapter 13, pages 194-205, Palgrave Macmillan.
    3. Desai, Meghnad & Veneziani, Roberto, 2005. "Rosa Luxemburg’s critique of Marx’s schemes of reproduction: a re-evaluation and a possible generalisation," MPRA Paper 30449, University Library of Munich, Germany.
    4. Harris, Donald J, 1975. "The Theory of Economic Growth: A Critique and Reformulation," American Economic Review, American Economic Association, vol. 65(2), pages 329-337, May.
    5. Philip Arestis (ed.), 2011. "Microeconomics, Macroeconomics and Economic Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-31375-0.
    6. Joan Robinson, 1962. "Essays in the Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00626-7.
    7. T. W. Swan, 1956. "ECONOMIC GROWTH and CAPITAL ACCUMULATION," The Economic Record, The Economic Society of Australia, vol. 32(2), pages 334-361, November.
    8. Sardoni, Claudio, 1981. "Multi-Sectoral Models of Balanced Growth and the Marxian Schemes of Expanded Reproduction," Australian Economic Papers, Wiley Blackwell, vol. 20(37), pages 383-397, December.
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    1. Yashin, Pete, 2016. "Кризис И Рост Неравенства. Оптимальный Путь Экономического Роста [The crisis and increasing inequality. The best equilibrium growth path]," MPRA Paper 73544, University Library of Munich, Germany.

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    More about this item

    Keywords

    Government Expenditure; Full Employment; Capitalist System; Plan Accumulation; External Market;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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