This volume of intellectual biography records the work of Michal Kalecki's maturity: his work on monetary economics and the
theory of profits; his work on the problems of socialism and developing countries; and the extension of his theory of capitalism
to define his work in relation to Keynes and previous political economic principles. Kalecki had, by 1939, laid out the essential
elements of his theory of the business cycle in capitalism. This book begins at Oxford where, at the Institute of Statistics,
he worked on the economic planning and financing of World War Two, as well as extending and detailing the particulars of his
theory and examining the conditions for full employment in the post-War international monetary and financial system. Kalecki
would then work for the United Nations on full employment, inflation, and developing countries. He departed from the United
Nations in 1955, and returned to Poland to extend two new directions of his ideas - on the economics of developing countries
and his theory of growth in the socialist economy, alongside further work on business cycles.
This book is essential
reading for all those who want to understand Kalecki's lasting contribution to economic theory and policy.