Collected Works of Michal Kalecki

This fifth volume in a new and definitive seven-volume edition in English of the works of Michal Kalecki contains his studies on the theory and practice of economic development. The first part of the book is devoted to general problems of economic underdevelopment. 'Observations on Social and Economic Aspects of "Intermediate Regimes"' is his best-known paper here, but the other two papers are equally important for the understanding of Kalecki's approach to problems of the underdeveloped non-socialist countries. In Part 2, 'The Problem of Financing Economic Development', published in Mexico in 1953, attracted great interest and possibly gave rise to a new school of thought (that is to Structuralism) in development economics. Part 3 contains Kalecki's four empirical case-studies on the economic development of underdeveloped countries which are deeply rooted in their specific social and political conditions. The editorial notes and annexes at the end of the volume not only provide invaluable background information and explanatory glossing to the main texts, but also give - in many cases for the first time in published form - invaluable insights into the development of Kalecki's thought.

Part 1 Economic problems of underdevelopment: unemployment in underdeveloped countries; observations on social and economic aspects of "Intermediate Regimes"; the difference between crucial economic problems of developed and underdeveloped non-socialist economies. Part 2 Financing economic development: the problem of financing economic development; problems of financing economic development in a mixed economy; forms of foreign aid - an economic analysis (with Ignacy Sachs). Part 3 Case-studies: report on the main current economic problems of Israel; financial problems of the third plan - some observations.