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Kalecki and the Stucturalist View of Economic Development

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  • Jan Toporowski

    (International University College)

Abstract

This paper commemorates the 70th anniversary of Kalecki's seminal lecture in Mexico on financing economic development. The first part of this paper outlines the theoretical model underlying Kalecki's view of development financing. A second part of the paper summarizes the foundations of structuralist development economics in the Prebisch-Singer approach to international trade and import-substitution development strategies. A third part of the paper examines the confrontation between Kalecki’s view of economic development strategy, and the structuralist approach, in the case of Cuba, highlighting the differences between the two approaches. A fourth part concludes with some reflections on the relevance today of structuralism and Kalecki's view of economic development.

Suggested Citation

  • Jan Toporowski, 2025. "Kalecki and the Stucturalist View of Economic Development," Working Papers Series inetwp234, Institute for New Economic Thinking.
    • Handle: RePEc:thk:wpaper:inetwp234
    DOI: 10.36687/inetwp234
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    Keywords

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    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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