ABSTRACT
The co-ordinates which define Kalecki’s world have a strong classical genesis. Class forces inform his formal structure: the degree of monopoly essentially reflects the reality of relative class strength, prices of basic raw materials too are determined by the alignment of classes, the character of the intermediate regime is shaped by its class constituents, whether an underdeveloped nation will grow rapidly or not depends upon the magnitude of the surplus her ruling classes are able to generate, and this again is a function of the specificity of class alliances. The Ricardo-Marx tradition could not be more strongly entrenched.
