The Influence of Michal Kalecki on Joan Robinson’s Approach to Economics
21 Pages Posted: 24 Oct 2010 Last revised: 6 Nov 2010
Date Written: October 24, 2010
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.
Keywords: History of Economic Thought since 1925, Current Heterodox Approaches, Economic Methodology
JEL Classification: B20, B50, B41
Suggested Citation: Suggested Citation