International Equilibrium and Bretton Woods: Kalecki's Alternative to Keynes and White and its Consequences
Jerzy Osiatynski · Jan Toporowski
Mar 2022 · Oxford University Press
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International Equilibrium and Bretton Woods brings together the papers presented at a special conference of the Organisation for Economic Co-operation and Development commemorating the 75th anniversary of the Bretton Woods Conference. The papers, from a number of distinguished speakers, assess the background and the results of the Bretton Woods agreements. The discussion is focused around the critical assessment of the Keynes and White Plans by Michal Kalecki, and the consequences of this for present-day international economics and international monetary and financial policy. But this volume is unique in bringing together the critical assessments that were made at the time, by Kalecki, Fritz Schumacher, Thomas Balogh, and Raul Prebisch, that are virtually unknown today, together with critical assessments of the work of the Bretton Woods Institutions since that time.
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The late Jerzy Osiatynski was Professor of Economics at the Institute of Economics of the Polish Academy of Sciences, Warsaw, Poland. He was Poland's Minister of Finance (1992-1993), Minister and Head of the Central Planning Office (1989-1991), Economic Advisor to the President (2010-2013), Member of the Monetary Policy Council (2013-2019), and was Fellow of the Committee for Economic Sciences of the Polish Academy of Sciences (2007-2010 and since 2020). His research interests focused on post-Keynesian economics, economic policy, public finance, and economic transformation. He was the editor of the six-volume Collected Works of Michal Kalecki in Polish (PWE, Warsaw, 1979-1988) and its seven-volume publication in English (Oxford University Press, 1990-1997). Jan Toporowski is Professor of Economics and Finance at SOAS University of London, and at International University College, Turin, Italy. He studied Economics at Birkbeck College, University of London, and the University of Birmingham. He has worked in fund management, international banking, central banking, and economic consultancy, and has advised governments, UN agencies, and professional associations on economic policy, debt management, and financial stability. Toporowski has written over 300 articles, books and papers on finance, monetary theory and macroeconomics, including two volumes of intellectual biography of Michal Kalecki.
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