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This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10011994938
export-led mercantilist. For an economic policy alternative favouring a domestic demand-led regime, we turn towards Kalecki …
Persistent link: https://www.econbiz.de/10012239654
After demonstrating the empirical relevance of tax competition effects across OECD countries, we incorporate such effects into a Kaleckian model. Corporate tax rates are seen as affecting investment by the effect on the location of multinational enterprise (MNE) investment, not on the total size...
Persistent link: https://www.econbiz.de/10011900210
focus on the long-run views contained in Hyman Minsky's work, in particular. In our comparative assessment of these …
Persistent link: https://www.econbiz.de/10010242863
works of Keynes and the contributions of Minsky are of importance. Lastly, it is looked at the behavioural finance …
Persistent link: https://www.econbiz.de/10010242872
After the breakdown of the Bretton Woods system and the beginning of the neoliberal revolution, financial markets became very unstable. The theoretical background of the neoliberal revolution stands in the tradition of Léon Walras. He was very much impressed by Isaac Newton, used his...
Persistent link: https://www.econbiz.de/10009549820
In this paper the main developments in post-Keynesian macroeconomics since the mid- 1990s will be reviewed. For this purpose the main differences between heterodox economics in general, including post-Keynesian economics, and orthodox economics will be reiterated and an overview over the strands...
Persistent link: https://www.econbiz.de/10011560674
The debate about how to reconcile political with economic democracy is translated in the framework of wage- and profit …-led growth in this paper. The inherent tension between providing sufficient profit incentive to motivate investment by the …- or profit-led is of consequence for determining the possibility of combining a higher profit share with a higher social …
Persistent link: https://www.econbiz.de/10012209094
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/10011380154
or a monetary production economy in the works of Marx, Kalecki and Keynes. Then we will deal with heterodox short …/post-Keynesian approaches towards distribution and growth, the Kaldor-Robinson, the Kalecki-Steindl and the Sraffian Supermultiplier model. …
Persistent link: https://www.econbiz.de/10014582684