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.
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