The Enigma of the Business Cycle

  • Jan Toporowski
Part of the Palgrave Studies in the History of Economic Thought Series book series (PHET)


The business cycle was to be the most lasting preoccupation of Michał Kalecki. In equal measure it epitomised the most obvious features of what was wrong with capitalism — instability, unemployment and poverty — and, by reason of its complexity, provided the greatest intellectual challenge to the honest and objective economic researcher.


Business Cycle Central Bank Capitalist Economy Capital Equipment Business Cycle Theory 
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Copyright information

© Jan Toporowski 2013

Authors and Affiliations

  • Jan Toporowski
    • 1
  1. 1.School of Oriental and African StudiesUniversity of LondonUK

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