The central propositions in Steedman’s 1992 paper "Questions for Kaleckians" were (a) that the input-output aspects of production must be taken account of in any account of price setting under capitalism; and (b) that one consequence of this is that the constraints which govern a mathematical...

This paper proposes that an axiomatic foundation for Post Keynesian economics exists in Marx. It has been shown elsewhere (Keen, S., 1993a, "Use-value, exchange-value and the demise of Marx's labor theory of value", Journal of the History of Economic Thought [JHET], Vol. 15, No. 1, pp. 107-121;...

The concept of "use-value" and the question of the source of value in Marx's economics are analysed. The traditional interpretation of Marx, which argues that use-value plays no role in his economics, is detailed. The evidence on Marx's employment of the concept is investigated. It is concluded...

The introduction of a General Theory perspective on investment into Hicks's trade cycle model generates a cyclical growth model which reconciles the apparently divergent visions of Harrod and Hicks. Growth occurs without the need to postulate autonomous investment, cycles occur without ceilings...