Showing 1 - 10 of 213
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … influenced by Marx's work. First, the relationship between Marx's theory of value and Sraffa's reformulation of the classical … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually …
Persistent link: https://www.econbiz.de/10011997039
Karl Marx's magnum opus, Das Kapital, presents an analysis of the long run dynamics of a mature capitalist economy. The …
Persistent link: https://www.econbiz.de/10011788915
Keynes, following the tradition of Marx, argued that all values are created by labour and profits. However, functional … income distribution between wages and profits is explained differently. In Marx's explanation of functional income … remaining part of income creation. Given the capital stock, the profit rate can be calculated. The paper shows that Marx …
Persistent link: https://www.econbiz.de/10011807013
In this paper, I investigate the phenomenon of long waves of capitalist development from two perspectives. First, I look for evidence of long waves of economic growth taking the dates for turning points of long waves from the historical literature (Mandel, 1995). Using historical data for 20...
Persistent link: https://www.econbiz.de/10011788901
A number of Marxist scholars have tied aspects of Marx's thought to certain Aristotelian categories, yet remarkably … little is said of Marx's dialectical materialism in this literature. Here we attempt to lay a foundation for such an effort …, paying particular attention to the way in which Aristotle's mediated starting point resonates in Marx's method. While Hegel …
Persistent link: https://www.econbiz.de/10010288085
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production …In this paper I first provide an overview of alternative approaches to money, contrasting the orthodox approach, in …. I then focus in more detail on two main categories: the orthodox approach that views money as an efficiency …
Persistent link: https://www.econbiz.de/10010286499
An economic crisis in capitalism is a deep and prolonged interruption of the economy-wide circuit of capital. Crises emerge from within the logic of capitalism's operation, and are manifestations of the inherently contradictory process of capital accumulation. The Marxist tradition...
Persistent link: https://www.econbiz.de/10011788924
Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and capital … an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …
Persistent link: https://www.econbiz.de/10010286517
This paper uses aggregate-level data, as well as case-studies, to trace out the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informal industrial sector. These aggregate trends are used to infer: (a) the dominant relations of...
Persistent link: https://www.econbiz.de/10010287807
This paper uses aggregate-level data as well as case-studies to trace the evolution of some key structural features of the Indian economy, relating both to the agricultural and the informal industrial sector. These aggregate trends are used to infer: (a) the dominant relations of production...
Persistent link: https://www.econbiz.de/10010287818