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or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short …
Persistent link: https://www.econbiz.de/10011381299
This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined … 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
Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public …
Persistent link: https://www.econbiz.de/10011957284
which money is neutral, at least in the long run; and the Marx-Veblen-Keynes approach, or the monetary theory of production … view back to Keynes, arguing that extending Keynes along these lines would bring his theory up to date. …
Persistent link: https://www.econbiz.de/10010286499
or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short …
Persistent link: https://www.econbiz.de/10014584244
This paper offers a unified analytical treatment of Marx's theory of ground-rent, building on the analysis that is … ground-rent that is appropriated by the owners of land, and also decompose it into the three components that Marx highlighted …: absolute rent, differential rent I, and differential rent II. I argue that the power of Marx's analysis lies in the fact that …
Persistent link: https://www.econbiz.de/10012059891
This paper presents an interpretation of Marx's rent theory. The three forms of rent, differential rent of type one and … two, and absolute rent, have been elaborated and represented through algebra. Marx situated his theory in an agrarian …, yet one can still borrow Marx's analytical tools, the paper argues, to understand the contemporary agrarian India. Some …
Persistent link: https://www.econbiz.de/10012059897
Elmar Altvater was a renowned political economist and professor at the Otto-Suhr-Institute of Freie Universität Berlin from 1970 until 2006. Until his death in 2018 he was a point of reference for several generations of students, left-wing academics and politicians, trade union activists,...
Persistent link: https://www.econbiz.de/10012061720
This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques - such as numerical simulations, agent-based models, and Monte Carlo methods - and cover many areas within the classical-Marxian tradition. We focus on three major themes...
Persistent link: https://www.econbiz.de/10012670876
neoliberal era and the result has been a resurgence of forces of competition, what Marx called the law of value, generating long … respect to organizing corrective collective action, making a couple of Marx's point resonate today. One is his view of … capitalists. The second point is the very basis of Marx's main gripe with capitalism: the two different ways for accounting for …
Persistent link: https://www.econbiz.de/10010369485