Lectures in Macroeconomics

Kazimierz Łaski (1921-2015), was born in Częstochowa in Poland. Despite his Jewish origins, he survived the Second World War, fighting in the Warsaw Uprising of 1944. He studied Economics with Oskar Lange and went on to hold the Chair in Political Economy at Warsaw's Economics University, where he organized lectures by Poland's other internationally-renowned economist, Michał Kalecki. Łaski was expelled from Poland in 1968 during the anti-Semitic purge, and eventually settled in Austria, where he taught at the University in Linz and researched at the Vienna Institute for Comparative Economic Studies. Even after his formal retirement Kazimierz Łaski remained active, lecturing in Poland and presenting his research all over the world. Jerzy Osiatyński studied at Warsaw School of Economics (1959-64) and at the University of Cambridge (1971-73). He has worked at the Warsaw School of Economics and at the Institute of Economics of the Polish Academy of Sciences. His research focuses on economic theory and policy, public finance, and economic development.Jan Toporowski studied economics at Birkbeck College, University of London, and the University of Birmingham, UK. He has worked in fund management, international banking, and central banking. He has been a consultant for the Economist Intelligence Unit and various UN agencies. Jan Toporowski has published nearly three hundred papers, books and reviews on monetary theory and policy, finance, and the work of Michał Kalecki, whose biography he has recently completed.

• Editor's IntroductionPreface1: Macroeconomic concepts and analytical tools2: Surplus of consumer goods and how it can be turned into a profit3: Prices and the distribution of national income4: Profits and GDP in the basic model5: Income and GDP in the model with government6: GDP in an open economy model7: Endogenous money8: Economic growth and the growth of effective demand9: Stylized features of economic growth after World War II