SOAS Research Online

Authored Books

Toporowski, Jan (2022) Interest and Capital: The Monetary Economics of Michał Kalecki. Oxford: Oxford University Press.

Toporowski, Jan (2018) Michał Kalecki: An Intellectual Biography Volume II: By Intellect Alone 1939–1970. London: Palgrave Macmillan. (Palgrave Studies in the History of Economic Thought)

Toporowski, Jan (2013) Michal Kalecki: An Intellectual Biography: Volume I Rendezvous in Cambridge 1899-1939. Basingstoke: Palgrave Macmillan. (Palgrave Studies in History of Economic Thought Series)

Toporowski, Jan (2010) 'Why the World Economy needs a Financial Crash’ and other critical essays on Finance and Financial Economics. London: Anthem Press.

Toporowski, Jan (2005) Theories of Financial Disturbance. An Examination of Critical Theories of Finance from Adam Smith to the Present Day. Cheltenham: Edward Elgar.

Toporowski, Jan (2000) The End of Finance: The Theory of Capital Market Inflation, Financial Derivatives, and Pension Fund Capitalism. London: Routledge. (Routledge Frontiers of Political Economy; 25)

Edited Book or Journal Volume

Osiatyński, Jerzy and Toporowski, Jan, eds. (2022) International Equilibrium and Bretton Woods: Kalecki's Alternative to Keynes and White and its Consequences. Oxford: Oxford University Press.

Toporowski, Jan and Mamica, Łukasz, eds. (2014) Michał Kalecki in the 21st Century. Basingstoke: Palgrave Macmillan. (Palgrave Studies in the History of Economic Thought Series)

Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan, eds. (2013) Economic Crisis and Political Economy: Volume 2 of Essays in Honour of Tadeusz Kowalik. Basingstoke: Palgrave Macmillan. (Palgrave Studies in the History of Economic Thought Series)

Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan, eds. (2013) The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki: Volume 1 of Essays in Honour of Tadeusz Kowalik. Basingstoke: Palgrave Macmillan. (Palgrave Studies in History of Economic Thought Series)

Tavasci, Daniela and Toporowski, Jan, eds. (2010) Minsky, Crisis and Development. Basingstoke: Palgrave Macmillan.

Toporowski, Jan, ed. (2010) Financial Markets and Financial Fragility. Cheltenham: Edward Elgar.

Mayes, D. G. and Toporowski, Jan, eds. (2007) Open Market Operations and Financial Markets. London: Routledge. (Routledge International Studies in Money and Banking)

Toporowski, Jan, ed. (2000) Political Economy and the New Capitalism: Essays in Honour of Sam Aaronovitch. London: Routledge. (Routledge Frontiers of Political Economy)

Book Chapters

Toporowski, Jan (2022) 'Kalecki and the Problem of International Money.' In: Osiatyński, Jerzy and Toporowski, Jan, (eds.), International Equilibrium and Bretton Woods: Kalecki's Alternative to Keynes and White and its Consequences. Oxford: Oxford University Press.

Toporowski, Jan (2022) 'Capitalist Money.' In: Toporowski, Jan, (ed.), Interest and Capital. Oxford: Oxford University Press, pp. 71-86.

Montgomery, Heather and Volz, Ulrich (2020) 'The Effectiveness of Unconventional Monetary Policy on Japanese Bank Lending.' In: Stenfors, Alexis and Toporowski, Jan, (eds.), Unconventional Monetary Policy and Financial Stability: The Case of Japan. London and New York: Routledge, pp. 38-53. (Routledge critical studies in finance and stability)

Toporowski, Jan (2017) 'Why overcapitalisation drives banks into the shadows.' In: Nesvetailova, Anastasia, (ed.), Shadow Banking Scope, Origins and Theories. Routledge, pp. 181-189.

Bonizzi, Bruno and Toporowski, Jan (2017) 'Developing and emerging countries as finance providers: foreign exchange reserves and direct investment to the European Union.' In: Gemzik-Salwach, Agata and Opolski, Krzysztof, (eds.), Financialization and the Economy. Abingdon; New York: Routledge. (Routledge Critical Studies in Finance and Stability)

Toporowski, Jan (2015) 'Asymmetric crisis in Europe and possible futures, Critical political economy and post-Keynesian perspectives.' In: Jäger, Johannes and Springler, Elisabeth, (eds.), Asymmetric crisis in Europe and possible futures, Critical political economy and post-Keynesian perspectives. Oxon; New York: Routledge, pp. 50-60. (RIPE Series in Global Political Economy)

Toporowski, Jan (2015) 'Kalecki and the Savings Constraint on Economic Development.' In: Ruziev, Kobil and Perdikis, Nicholas, (eds.), Development and Financial Reform in Emerging Economies. London: Ashgate, pp. 75-80. (SCEME Studies in Economic Methodology)

Toporowski, Jan (2015) 'The business cycle as a method of analysis.' In: Cristini, A., Fazzari, S. M., Greenberg, E. and Leoni, R., (eds.), Cycles, Growth and the Great Recession: Economic reflections in times of uncertainty. Oxon; New York: Routledge, pp. 77-83. (Routledge Critical Studies in Finance and Stability)

Toporowski, Jan and Szymborska, Hanna (2014) '"Dr. Kalecki” on Mr. Keynes.' In: Toporowski, Jan and Mamica, Łukasz, (eds.), Michał Kalecki in the 21st Century. Basingstoke: Palgrave Macmillan, pp. 108-115. (Palgrave Studies in the History of Economic Thought Series)

Toporowski, Jan (2014) 'The Kalecki-Steindl Theory of Financial Fragility.' In: Toporowski, Jan and Mamica, Łukasz, (eds.), Michał Kalecki in the 21st Century. Basingstoke: Palgrave Macmillan, pp. 252-264. (Palgrave Studies in the History of Economic Thought Series)

Toporowski, Jan (2014) 'Debt, Class and Asset Inflation.' In: Bellofiore, Riccardo and Vertova, Giovanna, (eds.), The Great Recession and the Contradictions of Contemporary Capitalism. Cheltenham: Edward Elgar, pp. 100-111. (New Directions in Modern Economics Series)

Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan (2013) 'Introduction: Tadeusz Kowalik and the Political Economy of the 20th Century.' In: Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan, (eds.), The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki: Volume 1 of Essays in Honour of Tadeusz Kowalik. Basingstoke: Palgrave Macmillan, pp. 141-153. (Palgrave Studies in History of Economic Thought Series)

Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan (2013) 'Introduction: Tadeusz Kowalik and the Political Economy of the 20th Century.' In: Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan, (eds.), Economic Crisis and Political Economy: Volume 2 of Essays in Honour of Tadeusz Kowalik. Basingstoke: Palgrave Macmillan, pp. 1-9. (Palgrave Studies in the History of Economic Thought Series)

Toporowski, Jan (2013) 'Lange and Keynes.' In: Bellofiore, Riccardo, Karwowski, Ewa and Toporowski, Jan, (eds.), The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki: Volume 1 of Essays in Honour of Tadeusz Kowalik. Basingstoke: Palgrave Macmillan, pp. 141-153. (Palgrave Studies in History of Economic Thought Series)

Toporowski, Jan (2013) 'Marx’s Grundrisse and the Monetary Business Cycle.' In: Bellafiore, Riccardo, Starosta, Guido and Thomas, Peter D., (eds.), In Marx's Laboratory: Critical Interpretations of the Grundrisse. Leiden: Brill. (Historical Materialism Book Series)

Cozzi, Giovanni (2012) 'Capital Controls.' In: Toporowski, Jan and Mitchel, Jo, (eds.), The Handbook of Critical Issues in Finance. London: Edward Elgar.

dos Santos, Paulo L. (2012) 'Option Pricing Models—A plurally heterodox note.' In: Toporowski, Jan and Michell, Jo, (eds.), Handbook of Critical Issues in Finance. Cheltenham: Edward Elgar Publishing.

Toporowski, Jan and Michell, Jo (2011) 'The Stock-Flow Consistent Approach with Active Financial Markets.' In: Papadimitriou, Dimitri and Gennaro, Zezza, (eds.), Contributions to Stock Flow Modelling: Essays in Honor of Wynne Godley. Basingstoke: Palgrave Macmillan, pp. 173-196.

Toporowski, Jan (2011) 'Regulating for stability: bank capitalization and the emergence of an international lender of last resort.' In: Whalen, Charles J., (ed.), Financial Instability and Economic Security after the Great Recession. Cheltenham: Edward Elgar, pp. 143-152.

Toporowski, Jan (2011) 'Shared Ideas amid Mutual Incomprehension: Kalecki and Cambridge.' In: Arestis, Philip, (ed.), Microeconomics, Macroeconomics and Economic Policy. Basingstoke: Palgrave, 170 -187.

Fine, Ben (2010) 'Da Financeirizacao da Economia ao Neoliberalismo – a Atracco do Neoliberalismo.' In: Ferreira do Amaral, João, Epstein, Gerald, Fine, Ben and Toporowski, Jan, (eds.), Financeirizacao da Economia: A Ultima Fase do Neoliberalismo. Lisboa: LIVRE, pp. 95-124.

Toporowski, Jan (2010) 'Excess Debt and Asset Deflation.' In: Kates, Steven, (ed.), Macroeconomic Theory and Its Failings: Alternative Perspectives on the World Financial Crisis. Cheltenham: Edward Elgar Publishing Limited, pp. 221-234.

Toporowski, Jan (2010) 'Institutional Investors, the Equity Market and Forced Indebtedness.' In: Dullien, S., Hein, E., Truger, Achim and van Treeck, Till, (eds.), The World Economy in Crisis - The Return of Keynesianism. Marburg, Germany: Metropolis Verlag, pp. 119-129.

Toporowski, Jan and Levy Orlik, N. (2007) 'Open Market Operations in Emerging Markets. The Mexican Experience.' In: Mayes, D. G. and Toporowski, Jan, (eds.), Open Market Operations and Financial Markets. London: Routledge, pp. 157-177.

Fine, Ben (2000) 'ESOP's Fable: Golden Egg or Sour Grapes?' In: Toporowski, Jan, (ed.), Political Economy and the New Capitalism: Essays in Honour of Sam Aaronovitch. London: Routledge, pp. 179-193. (Routledge Frontiers of Political Economy)

Journal Article

Toporowski, Jan (2023) 'Tracy Mott's Understanding of Kalecki's Economics.' Journal of Post-Keynesian Economics, 46 (4). pp. 517-526.

Toporowski, Jan (2023) 'Kalecki’s notes on Robinson’s 'Essay on Marxian Economics'.' Cambridge Journal of Economics, 47 (5). pp. 985-992.

Toporowski, Jan (2023) 'Political Aspects of Full Employment in Retrospect.' Contributions to Political Economy, 42 (1). pp. 226-241.

Szymborska, Hanna and Toporowski, Jan (2022) 'Why the distribution of wealth matters: industrial feudalism and social democracy.' PSL Quarterly Review, 75 (302).

Toporowski, Jan and Jump, Robert (2021) 'How to Pay for the Coronavirus Emergency The Fiscal Challenge.' International Journal of Public Law and Policy, 7 (1). pp. 1-13.

Toporowski, Jan (2020) 'Debt Management and the Fiscal Balance.' Review of Political Economy, 32 (4). pp. 596-603.

Toporowski, Jan (2020) 'Credit, Debt And Distribution In The Monetary Theories Of Augusto Graziani And Michał Kalecki.' The Annals of the Fondazione Luigi Einaudi, 54 (2). pp. 311-326.

Toporowski, Jan (2020) 'Anwar Shaikh and the Classical Theory of Interest: A Critical Note.' Cambridge Journal of Economics, 44 (2). pp. 465-474.

Toporowski, Jan (2019) 'The political economy of Modern Money Theory, from Brecht to Gaitskell.' Real World Economics Review (89). pp. 33-41.

Bonizzi, Bruno, Laskaridis, Christina and Toporowski, Jan (2019) 'Global Liquidity, the Private Sector and Debt Sustainability in Sub‐Saharan Africa.' Development and Change, 50 (5). pp. 1430-1454.

Toporowski, Jan and Alves, Carolina (2019) 'Growth of international finance and emerging economies: Elements for an alternative approach.' PSL Quarterly Review, 72 (288). pp. 3-26.

Toporowski, Jan (2018) 'Marx, Finance and Political Economy.' Review of Political Economy, 30 (3). pp. 416-427.

Toporowski, Jan (2017) 'From Marx to the Keynesian revolution: the key role of finance.' Review of Keynesian Economics, 5 (4). pp. 576-585.

Toporowski, Jan (2017) 'Multilateralism and Military Keynesianism: Completing the Analysis.' Journal of Post Keynesian Economics, 39 (4). pp. 437-443.

Garcia-Arias, Jorge, Horn, Laura and Toporowski, Jan (2017) 'Perspectivas Sobre Financiariación Y Crisis En Europa.' Revista de Economia Mundial, 46. pp. 17-26.

Toporowski, Jan (2016) 'The crisis of finance in Marxian political economy.' Science and Society, 80 (4). pp. 515-529.

Toporowski, Jan (2016) 'A Kalecki Fable on Debt and the Monetary Transmission Mechanism.' Review of Keynesian Economics, 4 (2). pp. 224-228.

Shabani, Mimoza and Toporowski, Jan (2015) 'A Nobel Prize for the Empirical Analysis of Asset Prices.' Review of Political Economy, 27 (1). pp. 62-85.

Michell, Jo and Toporowski, Jan (2014) 'Critical Observations on Financialization and the Financial Process.' International Journal of Political Economy, 42 (4). pp. 67-82.

Toporowski, Jan (2013) 'International credit, financial integration and the Euro.' Cambridge Journal of Economics, 37 (3). pp. 571-584.

Toporowski, Jan (2011) 'Innovacion Financiera y Desarrollo.' Revista Problemas del Desarrollo, 42 (165). pp. 161-169.

Toporowski, Jan (2010) 'The Financial Peculiarity of Greece Some Lessons for a Theory of Financial Crisis.' Economie Appliquee, LXIII (4). pp. 35-48.

Toporowski, Jan (2010) 'Henry Simons and the Other Minsky Moment.' Studi e Note di Economia, 15 (3). pp. 363-368.

Toporowski, Jan (2010) 'The Transnational Company After Globalisation.' Futures, 42 (9). pp. 920-925.

Toporowski, Jan (2010) 'Corporate Limited Liability and the Financial Liabilities of Firms.' Cambridge Journal of Economics, 34 (5). pp. 885-893.

Toporowski, Jan (2009) 'The Economics and Culture of Financial Inflation.' Competition and Change, 13 (2). pp. 145-156.

Toporowski, Jan (2009) 'How the Global Crisis Is Transmitted to Developing Countries.' Development Viewpoint (24).

Toporowski, Jan (2008) 'Minsky's 'induced investment and business cycles'.' Cambridge Journal of Economics, 32 (5). pp. 725-737.

Toporowski, Jan (2007) 'On Rhetoric and Being Realistic about the Monetary Policy of Developing Countries.' Journal of Economic Methodology, 14 (1). pp. 47-55.

Toporowski, Jan (2006) 'Open Market operations: beyond the New Consensus.' Bank of Finland Research Discussion Papers (14).

Toporowski, Jan (2002) 'La Banque mutuelle: de l'utopie au marché des capitaux, le cas britannique. [The Mutual Bank: from Utopia to the Capital Market. The British Case].' Revue d'economie financiere, 67. pp. 45-55.

Monographs and Working Papers

Toporowski, Jan (2022) Autumn Statement: Weak Debt Predictions Hiding Behind Low Expenditure. London: SOAS Influencing the Corridors of Power project (ICOP).

Laskaridis, Christina and Toporowski, Jan (2016) Financial sector development in the context of the Franc Zone. FESSUD Working Papers.

Laskaridis, Christina, Bonizzi, Bruno and Toporowski, Jan (2015) EU Development Policy And The Promotion Of The Financial Sector. FESSUD Working Paper, No 120.

Laskaridis, Christina, Bonizzi, Bruno and Toporowski, Jan (2015) Developing Countries’ External Debt and International Financial Integration. FESSUD Working Paper No 121.

Toporowski, Jan (2015) A Kalecki Fable on Debt and the Monetary Transmission Mechanism. LSE Financial Markets Group. Special Paper 239. London: LSE.

Cozzi, Giovanni and Toporowski, Jan (2006) The balance sheet approach to financial crisis in emerging markets. The Levy Economics Institute of Brad College Working Paper Series 485.

Book Reviews

Toporowski, Jan (2014) 'Review of: 'The Economics of Financial Turbulence: Alternative Theories of Money and Finance' by Bill Lucarelli.' Science and Society, 78 (1). pp. 117-119.

Toporowski, Jan (2011) 'Review of: 'Theories of Value from Adam Smith to Piero Sraffa' by Ajit Sinha.' Science and Society, 75 (4). pp. 589-591.

Toporowski, Jan (2010) 'Review of: 'Debt, Innovations, and Deflation: The Theories of Veblen, Fisher, Schumpeter, and Minsky' by J. Patrick Raines and Charles G. Leathers.' History of Political Economy, 42 (2). pp. 395-397.

Toporowski, Jan (2009) 'Review of: Pioneers of Financial Economics. Volume 2: Twentieth Century Contributions.' History of Economics Review, 49 (Winter). pp. 104-107.

Translations

Toporowski, Jan and Szymborska, Hanna, trans. (2014) Rosa Luxemburg Theory of Accumulation and Imperialism by Tadeusz Kowalik. Basingstoke: Palgrave Macmillan.

Other

Toporowski, Jan (2015) 'Review of: Bill Browder Red Notice: How I became Putin’s No. 1 Enemy.' Open Democracy [Online].