JULIO LÓPEZ received hisBA in economics at the Universidad de Chile. Later, he took hisPhD in economics in Poland, where he studied with Michal Kalecki. He is currently Professor of Macroeconomics at the graduate department of economics, Universidad Nacional Autonoma de Mexico. He has been invited Professor at the Universidad Autonoma de Barcelona, Ecole des Hautes Etudes en Sciences Sociales, Paris; and Universidad Federal de Rio de Janeiro.MICHAËL ASSOUS is currently Assistant Professor of Economics (Maître de Conferences) at the University of Paris 1 Panthéon-Sorbonne and member of PHARE (Pole d'Histoire et de l'Analyse Economique). His research fields are the history of macroeconomics, business cycle analysis and income distribution.

'In their noteworthy book Michal Kalecki, Lopez and Assous give the reader a careful and fascinating portrait of the Polish twentieth-century economist.' -History of Economic Ideas

• Preface Michal Kalecki's Life and Work Kalecki's Theory of Profits, Output and Employment. Genesis and Originality of Kalecki's Theory The Theory of Prices and Income Distribution Kalecki's Long-Run Theory of Effective Demand: The Trend and Business Cycles Kalecki's Macroeconomics of Public Finance and of Monetary Policy Kalecki's Open Economy and Macroeconomics Michal Kalecki, a Pioneer of Development Economics Kalecki the Socialist Economist Michal Kalecki's Intellectual Legacy Bibliography