Abstract
Michal Kalecki was a Polish economist whose contributions to macroeconomics influenced Keynesian economists. The article by Michal Kalecki reproduced here looks into what kind of economic policies are likely to lead to full employment. By way of background he provides a very simple exposition of national income accounts and the concept of net national product. He uses those tools to consider the appropriate fiscal policy stance for achieving full employment in the United Kingdom and the United States, in the postwar period.