Is it time to finally take Dr Kalecki’s Rational Planning Medicine

Nicholas Potts

    Research output: Contribution to journalArticlepeer-review


    Given the effective collapse of efforts to introduce the market economy in many former communist countries it is perhaps time to look beyond the recommendations of the pro‐market economics mainstream. This article seeks to clearly explain Dr Kalecki’s theory of growth under socialism and to fully explain his notion of perspective planning. It then considers why such rational planning failed to be implemented under Communism. Finally, after identifying the necessary political/social conditions for successful perspective planning, it contemplates whether Russia, or similar collapsing former communist countries, could actually successfully implement rational perspective planning today.
    Original languageEnglish
    Pages (from-to)667-680
    Number of pages14
    JournalInternational Journal of Social Economics
    Issue number8
    Publication statusPublished - 2001


    Dive into the research topics of 'Is it time to finally take Dr Kalecki’s Rational Planning Medicine'. Together they form a unique fingerprint.

    Cite this