Studies in Applied Economics, 1940-1967

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This seventh volume of the Collected Works of Michael Kalecki, one of the twentieth-century's preeminent economists, contains his empirical studies of the wartime and post-war economy in Britain and the USA, together with papers on the work of other economists and miscellanea.
The work begins with his articles on the economic conditions of Britain during the Second World War, focusing on the rationing of consumption and war finance, and its post-war reconstruction. There are studies of post-War America, a collection of articles under the title "Political economy and economists," and other topics such as Polish economic planning, construction engineering, and the theory of numbers. As the final volume in the series, it concludes with a chronology of biographical information and a complete biography of Kalecki's writings from 1927 to 1987.
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Product Details

  • ISBN-13: 9780198289890
  • Publisher: Oxford University Press, USA
  • Publication date: 5/8/1997
  • Pages: 704
  • Product dimensions: 9.50 (w) x 6.38 (h) x 1.66 (d)

Table of Contents

List of Tables
List of Abbreviations
List of Polish Journals
Editor's Note
Pt. 1 Studies in the British War Economy 1
A Scheme of Curtailment of Consumption 3
General Rationing 7
Notes on General Rationing 13
Towards Comprehensive Rationing 16
Inflation, Wages, and Rationing 20
Differential Rationing 25
Some Problems of Non-Food Rationing 29
Rationing and Price Control 33
Wage Bill and Cash Circulation 38
Wage Bill and Cash Circulation: A Supplement 45
War Finance in the First Half of 1940 49
The 'Mysteries' of the Money Market 64
The Third Quarter 68
Notes on Finance 73
The Financial Position on the Eve of the Budget 76
The Budget and Inflation 81
What is Inflation? 83
The Share of Wages in the National Income 89
Wartime Changes in Employment and the Wage Bill 91
Changes in Stocks of Commodities, 1940 96
Recent Trends in the Financial Situation 100
The Burden of the War on Wages and Other Incomes 105
Excess Profits Tax and Government Contracts 107
Employment, Wage Bill, and Cash Circulation 111
The Problem of Profit Margins 116
The Budget 120
Wages and the National Income, 1940 and 1941 124
War Finance, 1940 and 1941 128
The Financial Situation in the First Half of 1942 134
The Fall in 'Small' Savings 141
Sources of Manpower in the British War Sector 146
The Wartime Trend of Deposits 159
The Burden of the National Debt 163
The Budget, 1943 168
Profits, Salaries, and Wages 171
War Finance, 1940, 1941, and 1942 177
Sources of Manpower in the British War Sector, 1941 and 1942 185
The Financial Situation in the First Half of 1943 192
The Problem of 'Small' Savings 199
The Budget: A Stabilization Policy 205
The White Paper on the National Income and Expenditure in the Years 1938-1943 209
Economic Implications of the Beveridge Plan 219
International Clearing and Long-Term Lending 226
Excess Profits Tax and Post-War Re-Equipment 233
The White Paper on Employment Policy 238
Employment in the UK during and after the Transition Period 245
Pt. 2 The Post-War American Economy 273
Determinants of the Increase in the Cost of Living in the USA 275
The Economic Situation in the USA as Compared with the Pre-war Period 279
The Fascism of Our Times 287
Vietnam and the US Big Business 292
Pt. 3 On Political Economy and Economists 299
Econometric Model and Historical Materialism 301
Why Economics is Not an Exact Science? 308
Review of Grundgedanken zu einer Theorie der stoerungdfreien Geldschoepfung 312
Review of Die Aufgaben des Geldes 314
Review of An International Statistical Comparison of Production and Income 316
Review of Economique Rationelle 319
The Work of Erwin Rothbarth 322
Ludwik Landau - Economist and Statistician 325
The Work of Oscar Lange, 1904-1965 330
On Paul Baran's Political Economy of Growth 332
Joan Robinson 334
The Economics of Edward Lipinski 335
Pt. 4 Miscellanea 375
Comparison of Changes in Energy Consumption in the Polish Five-Year Plan, 1956-1960, and in West Germany, 1950-1954 377
Expansion of Trade with India 378
The Trade Mission to Burma 379
The Place of Poland in Europe in Industrial and Agricultural Production 380
Clearing of Stocks 381
The Problem of Allocating the Surplus in the Financial Plan for 1956 384
Notes on Planned Output of Cotton Textiles, 1956 386
The Investment Plan and Inventories of Machines 387
Notes on Mao Zedong's Report 390
Reinforced-Concrete Two-Slab Ceiling 393
The Use of Reinforced-Concrete Construction in Poland 395
Calculation of Ribbed Ceilings of a Certain Type in the Installation of Mounted Slab 397
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