occupied central importance in the history of economic thought. This paper focuses on Marx and Keynes and argues that Marx … more in common with Marx and Smith than with Ricardo and neoclassical economics. Furthermore, Keynes’s views on effective … as well as the precise mechanism that leads the economy to its crisis stage. Keynes’s analysis, although sketchy, has …

profits of capitalists and firms emerge I examined the phrase of Marx, ‘Die Gesamtklasse der Kapitalisten kann nichts aus der …

contributed to bubbles in the new and emerging markets. Based on the monetary overinvestment theories of Hayek and Wicksell we … interest rate policies in the large countries and thereby speculative exaggerations may continue. According to Wicksell and … Hayek a higher level of interest rates in the large countries would reveal the structural distortions that have come along …

theories of Hayek, Wicksell and Schumpeter. We argue that ample liquidity supply originating in the large industrialized …