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Jan Toporowski

Jan Toporowski is Visiting Professor of Economics in the department of International Development at King’s College London and Research Associate in the Financial Markets Group of the London School of Economics. He recently retired from the position of Professor of Economics and Finance at SOAS University of London. His research is concentrated on monetary theory and policy, finance, macroeconomics and development economics. He is literary executor to the economist Michał Kalecki (1899-1970)

Jan Toporowski has published two volumes of biography of Michał Kalecki and over 350 books, articles and papers on economics and finance. Before becoming an academic he worked in fund management and international banking. He has been a consultant for the United Nations Development Programme, the United Nations Conference on Trade and Development, the UN Economic Commission for Africa and the Economist Intelligence Unit.

Jan Toporowski studied economics at Birkbeck College, University of London, and the University of Birmingham, UK. He has held visiting positions at the University of Cambridge and the Bank of Finland.

Jan Toporowski’s most recent books are (Oxford University Press 2022).

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