lE. King Michael Kalecki (1899-1970) was one of the most important, and also one of the most underrated, economists of the twentieth century. In the 1930s he made a series of fundamental contributions to macroeconomic theory which anticipated, complemented and in some ways surpassed those of Keynes. Almost entirely self-educated in economics, and influenced rul much by Marxism as by mainstream theory, Kalecki very largely escaped the fatal embrace of pre-Keynesian orthodoxy, which blunted the thrust of the General Theory. Many Post Keynesians, in particular, have found in his work the elements of a convincing alternative to what Joan Robinson -Kalecki's greatest advocate in the English-speaking world - was scathingly to describe as 'bastard Keynesianism'. But Kalecki was never interested in theory for its own sake. He approached economics from a practical perspective, wrote extensively on applied and policy questions, and in the [mal decades of his life turned his attention increasingly to problems of economic development and the management of state socialist economies.

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Introduction. 1. Kalecki''s Role in Post Keynesian Economics: an Overview; P. Arestis. 2. Kalecki and Keynes; S. Chapple. 3. Microfoundations: A Kaleckian Perspective; P. Kriesler. 4. Kalecki''s Theory of Prices and Distribution; P.J. Reynolds. 5. Kalecki on the Trade Cycle and Economic Growth; M. Sawyer. 6. Kalecki''s Monetary Economics; G.A. Dymski. 7. Kalecki and the Americans; J.E. King. 8. Kalecki, Marx and the Economics of Socialism; J. Toporowski. 9. Michal Kalecki and the Political Economy of the Third World; B. McFarlane. Contributing Authors. Index.