Development in Mixed Economies

Abstract

This chapter is intended to review the central themes of Kalecki’s writings on developing economies, with the main focus on ‘mixed’ economies (combining some elements of capitalism with some forms of planning). Socialist economies are considered in the next chapter. We aim here only to indicate the central themes of Kalecki’s writings on development and how those themes link with some of the central themes of Kalecki’s writings on developed capitalist economies. But we do not intend to provide the same type of extensive treatment of Kalecki’s writings on development as we did for his writings on capitalist economies. Many of Kalecki’s major essays on development were written or translated into English and have been published as Kalecki (1976), and the quotes from Kalecki in this chapter relate to that volume unless there is indication to the contrary. Kalecki’s work on development has been reviewed by one of his colleagues in Sachs (1977).