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Jan Toporowski

Jan Toporowski is Professor of Economics and Finance at SOAS, University of London, Visiting Professor of Economics at the University of Bergamo, Italy, and Professor of Economics and Finance at the International University College, Turin, Italy. Jan Toporowski studied economics at Birkbeck College, University of London, and the University of Birmingham. He has worked in fund management, international banking, economic consultancy and central banking and has published widely on money, finance and economic development, monetary policy and the history of economic thought. Jan Toporowski is the author of a two-volume biography of Michał Kalecki.

By this expert

Behind the Tariff Dilemma: Kalecki on Structuralist Development Policy

Article | Jun 23, 2025

On the occasion of the 70th anniversary of Kalecki’s seminal lecture in Mexico on financing economic development, Jan Toporowski’s INET Working Paper considers the relevance of structuralism and Kalecki’s view of economic development for today.

Kalecki and the Stucturalist View of Economic Development

Paper Working Paper | | Jun 2025

Kalecki challenged the structuralist view by pointing to the internal social class barriers to development, and the need to assure supplies of basic wage goods in order to avoid inflationary pressures that could derail the development process.

Monetary Policy, Illiquidity, and the Inflation Debates

Article | Jan 29, 2024

The key issue is the regulation of the liquidity of all financial markets, and not just that of the banking system

Monetary Policy and Illiquidity

Paper Working Paper | | Jan 2024

It is not just all about banking system liquidity