Volume 2, the second of two volumes dealing with the capitalist economy, contains Kalecki's studies on the theory of income distribution in oligopolistic capitalism and its economic dynamics. Osiatynski's editorial comments and annexes, besides giving valuable information on the background of the main texts, include illuminating correspondence between Kalecki and Keynes, Joan Robinson, and others.
`[Kalecki] combined the superb gifts of intuition of a Keynes with a masterly use of orders of magnitude and simplifications which starkly reveal the major factors at work and produce the robust results of both the good theoretician and the applied statistician.' Economic Journal
'These two volumes contain nearly everything Kalecki had to say about capitalism. Both volumes include a wealth of additional material delineating changes in various editions of Kalecki's writings.'
Co-operative Economics News Service (US), January-April 1992
`The Collection can be undoubtedly helpful in reconstructing the Kaleckian version of the functioning of capitalist system which can be considered as alternative with respect to that of Keynes ... Kalecki's own evolution had been scarsely noticed and often misunderstood. The Collection deserves the credit to have covered this lack of knowledge.'
Part 1: Factors in the Distribution of National Income; Part 2: Elements of Economic Dymanics; Part 3: Theory of Economic Dynamics; Part 4: The Business Cycle and Armaments after the Second World War; Part 5: Further Developments of the Theory of Economic Dynamics and Glosses.