Interest and Capital The Monetary Economics of Michał Kalecki Externalities scholars have to deal with

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Interest and Capital The Monetary Economics of Michał Kalecki Externalities scholars have to deal withInterest and Capital brings together Micha l Kalecki's published fragments on monetary theory and policy to explore his distinctive approach to money and its circulation in the capitalist economy. Toporowski lays out Kalecki's critique of the international monetary arrangements proposed by Keynes and White at Bretton Woods, casting new light on the international monetary imbalances that have since disrupted the international economy. The greater