Michał Kalecki
Economist known for business cycle theory
Born
June 22nd, 1899
125 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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