Michał Kalecki

Economist known for business cycle theory

Michał Kalecki - Economist known for business cycle theory
Born

June 22nd, 1899
126 years ago

Died

1970
55 years ago — 71 years old

Category

Thinkers & Philosophers

Country

Poland

Links & References

An economist and academic contributed significantly to the understanding of economic cycles and the role of effective demand. Developed the Kalecki equation, a model that describes the relationship between investment, output, and employment. Explored the interactions between economic policies and business cycles, influencing economic thought in the 20th century. Worked at various universities and institutions, leaving a lasting legacy in economic theory and policy analysis.

Developed the concept of effective demand

Contributed to business cycle theory

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