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

21 Pages Posted: 24 Oct 2010 Last revised: 6 Nov 2010

See all articles by Peter Kriesler

Peter Kriesler

UNSW Australia Business School, School of Economics

G. C. Harcourt

University of Cambridge - Faculty of Economics and Politics

Date Written: October 24, 2010

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.

Keywords: History of Economic Thought since 1925, Current Heterodox Approaches, Economic Methodology

JEL Classification: B20, B50, B41

Suggested Citation

Kriesler, Peter and Harcourt, G. C., The Influence of Michal Kalecki on Joan Robinson’s Approach to Economics (October 24, 2010). UNSW Australian School of Business Research Paper No. 2010 ECON 21. Available at SSRN: https://ssrn.com/abstract=1697046

Peter Kriesler (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

G. C. Harcourt

University of Cambridge - Faculty of Economics and Politics ( email )

Austin Robinson Building
Sidgwick Avenue
Cambridge, CB3 9DD
United Kingdom

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