Kalecki, an economist whose work paralleled Keynes', was a
government economist under the Polish fascist Pilsudski, recipient
of a Rockefeller grant in 1936, and later an economic adviser to
the Polish Communist regime. He considered himself a Marxist,
despite his Keynesian bent, and is footnoted as such in various
leftist economic writings, which may enhance interest in this
collection of five very brief essays. Kalecki uses the appropriate
vocabulary to propitiate his Party superiors, but otherwise
exhibits scant adherence to Marxism as a philosophical or economic
method. He rails about U.S. imperialism, but discusses the power
relations within underdeveloped nations without reference to
imperialist influence. He notes that Nazi finance was based on
state debt and claims that "democratic state capitalism," in
contrast, was based on producing useful consumer and capital goods
rather than war goods; but earlier he contradicts this view in an
essay on the postwar U.S. economy's dependence on weapons
manufacture. "Fascism of Our Times" lumps together Goldwater, the
OAS, laissez-faire economists, Texas Oil, and West German
revanchists in an unholy amalgam reeking more of inept Soviet
propaganda than of "Fascism"; and the analysis of "Vietnam and U.S.
Big Business," is wholly predictable. Considerably more interesting
than the Kalecki pieces themselves is the long introduction by
George Feiwel, which locates Kalecki's work firmly in the Keynesian
tradition - but the introduction fails to carry the book, which
shows Kalecki at his weakest. (Kirkus Reviews)
This volume includes six essays, the first dating from 1935 and the
last from 1967, by one of the outstanding economists of our time.
The economics presented in this volume is political economy worthy
of the name: a discipline which shows us the social relations, in
particular the class and group conflicts, behind the economic
quantitative relations. Michal Kalecki, as Joan Robinson has
pointed out, anticipated the Keynesian system, from a training in
the field of Marxist economics. The translation to English was
executed by the author himself, just before his death in April
1970.
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