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2018 | OriginalPaper | Chapter

7. The Political Economy of Full Employment

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Abstract

On 22 June 1941, the German army invaded the Soviet Union. The invasion transformed the political atmosphere in the community of Polish émigrés in Britain. The Soviet Union had been regarded by the Polish Government-in-Exile as a co-perpetrator, on equal terms with Germany, of the downfall of Poland in 1939. This had contributed to the isolation of Polish politicians (but not Sikorski, who was close to Churchill) in London, where Churchill from 1940 was planning for Soviet entry into the anti-German alliance. Within the Polish community it further isolated the few socialists in exile, who were torn between the official decision of the Polish Socialist Party to forego political activity until after pre-war Poland had been reconstituted, and their left-wing who argued that the war must be about more than just the restoration of the status quo of 1939. The resumption of diplomatic relations with the Soviet Union under the Sikorski-Mayski Agreement of July 1941 did little to reduce the suspicion among the émigré politicians of Soviet intentions and the role of the Polish left in those intentions.

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Footnotes
1
Prażmowska Britain and Poland 1939–1943 1995, pp. 82–83. See also the same author’s ‘Polish Military Plans for the Defeat of Germany and the Soviet Union, 1939–1941’ European History Quarterly 2001 and ‘The Polish Socialist Party’ East European Quarterly 2000.
 
2
‘I am going to London for a holiday on Friday for a fortnight. My address there will be: c/o Miss A. Cripps, Flat 18, Abercorn Place, St. John’s Wood, London N.W.8.’ Letter from Kalecki to Nicholas Kaldor dated 6 August 1942, Kaldor Papers NK/3/30/126/8.
 
3
‘Kalecki was here during the war. He met Adam and was as if in the orbit of the Party, but he did not join it.’ (Kalecki był tutaj w latach wojny. Spotykał się z Adamem, był jakby w orbicie PPS ale nie zdecydował się wstąpić do partii.) Lidia Ciołkosz Spojrzenie wstecz (Looking back) 1995, p. 317. Adam Ciołkosz, a fierce opponent of the Sikorski-Maisky agreement, was the representative of the Polish Socialist Party in the Polish National Council in exile in London.
 
4
See the editorial notes of Jerzy Osiatyński in Osiatyński (ed.) Collected Works of Michał Kalecki Volume I, 1990, pp. 571–578.
 
5
Kalecki ‘Political Aspects of Full Employment’ p. 323.
 
6
Ibid.
 
7
Ibid., pp. 323–324. Kalecki was referring to his paper ‘A Theory of Commodity, Income and Capital Taxation’ 1937b.
 
8
Kalecki ‘Political Asepects of Full Employment’ 1943e.
 
9
Ibid.
 
10
Ibid.
 
11
Ibid.
 
12
In 1941, Gordon-Walker went to work for the British Broadcasting Corporation. Both Gordon-Walker and Warbey became Labour MPs after the 1945 election.
 
13
See Toporowski ‘Introduction’ to M. Kalecki Selected Essays on Economic Planning 1986 and Chap. 2 above.
 
14
Kalecki ‘The Minimum Essentials for Democratic Planning’ 1942g.
 
15
Letter from W. Malinowski to M. Kalecki dated 24 June 1941, in Kalecki Papers PAN III—319/57.
 
16
Robinson ‘Planning’ 1943.
 
17
Lange ‘Gospodarcze podstawy demokracji w Polsce’ 1943
 
18
Malinowski Ku gospodarce planowej (Towards a planned economy) 1943.
 
19
Report of the Interdepartmental Committee on Social Insurance and Allied Services Cmnd 6404 and 6405, Beveridge Full Employment in a Free Society 1944.
 
20
‘The Beveridge Plan for Social Security’ 1943, p. 1.
 
21
Beveridge, ‘Can “Work for All” be Realized’ 1943.
 
22
Kalecki ‘Economic Implications of the Beveridge Plan’ 1943f. In the event, the rate of unemployment in post-war Britain remained well below 5% until the crisis of the mid-1970s.
 
23
Ibid.
 
24
The capital levy as a tool of debt management was endorsed by Kalecki’s colleague in Oxford, Thomas Balogh in ‘The Unimportance of a Capital Levy’ 1944.
 
25
Kalecki ‘Three Ways to Full Employment’ 1944b, pp. 52–53.
 
26
Ibid., pp. 56–57.
 
27
Ibid., pp. 57–58.
 
28
Letter of J.M. Keynes to M. Kalecki dated 30 December 1944, in The Collected Writings of John Maynard Keynes Volume XXVII 1980b, pp. 381–382.
 
29
J.V. Robinson review of The Economics of Full Employment 1945.
 
30
Ibid.
 
Metadata
Title
The Political Economy of Full Employment
Author
Jan Toporowski
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-69664-5_7