First published in 1943, this work contains five interconnected essays presenting the author's renowned additions to the business cycle theory.
Written by one of the most distinguished economists of the 20th century, this work will be essential reading for students and scholars of the history of economic thought, monetary theory and macroeconomics.
Table of Contents
Part One: Prices, Interests and Profits; 1. Costs and Prices 2. The Short-Term and the Long-Term Rate of Interest 3. A Theory of Profits; Part Two: Business Cycle and Trend; 4. The "Pure" Business Cycle 5. The Trend
Michal Kalecki was a Polish economist. Over the course of his life, Kalecki worked at the London School of Economics, University of Cambridge, University of Oxford and Warsaw School of Economics and was an economic advisor to the governments of Poland, France, Cuba, Israel, Mexico and India.