Class Unity

Class Unity


Jan Toporowski – Military Keynesianism, Kalecki, and the Current Crisis of International Politics

August 11, 2025

Members of Class Unity discuss the return of military Keynesianism, the work of the Polish Marxian economist Michał Kalecki, and the current crisis of international politics with Professor Jan Toporowski.

Jan Toporowski is Visiting Professor of Economics in the department of International Development at King’s College London. He recently retired from the position of Professor of Economics and Finance at SOAS University of London. His research is concentrated on monetary theory and policy, finance, macroeconomics, and development economics. He is also the literary executor to Michał Kalecki, who died in 1970.

Professor Toporowski has published two volumes of biography of Kalecki, and over 350 books, articles, and papers on economics and finance. Before becoming an academic he worked in fund management and international banking. He has been a consultant for the United Nations Development Programme, the United Nations Conference on Trade and Development, the UN Economic Commission for Africa, and the Economist Intelligence Unit.

Professor Toporowski studied economics at Birkbeck College, the University of London, and the University of Birmingham, in the UK. He has held visiting positions at the University of Cambridge and the Bank of Finland.

His most recent books are “Interest and Capital: The Monetary Economics of Michał Kalecki” (Oxford University Press 2022) and “Polish Marxism After Luxemburg” (Emerald Press 2022).

Reading list:

Toporowski – Multilateralism and Military Keynesianism – Completing the Analysis

Toporowski – The War in Ukraine and the Revival of Military Keynesianism

Kalecki – Economic Aspects of German Rearmament

Twitter/X: @JMToporowski

For info on Prof. Toporowski:

https://www.soas.ac.uk/staff/staff30980.ph

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