Economic growth and income distribution: Kalecki, the kaleckians and their critics

Abstract

The work of Michał Kalecki has had a major influence on heterodox theories of growth and distribution. Although heterodox theories which emphasise the role of aggregate demand are usually referred to as being ‘Post Keynesian’, terms such as Kaleckian, neo-Kaleckian and Kalecki-Steindl are also quite popular, and in any case the importance of Kalecki’s contributions to this literature is widely acknowledged.1 Nevertheless, Kalecki’s and Kaleckian contributions have been subject to a fair amount of criticism.