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Reviewer Comment:
Michael Kalecki was a very influencial Polish Marxist economist who developed
theories about markets, Capitalism, and socialism. He was a contempory of
Keynes and disagreed with him in important ways. Kalecki's monetary theory
stressed the role of credit as fundamental for financial calculation in
capitalist economies. He considered monetary policy's role in the business
cycle. He agreed with Oskar Lange about analysis of money flow in the real
economy. He was particularly interested in the manner of development of the 3rd
world countries. He considered land reform and taxation of land owners to be
important. And he did not believe that foreign direct investment played a
positive role. He wrote many books and articles, man yhon business cycles,
investment, and socialist planning. Here we focus on his development of
'mathematical' equations
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