Showing 1 - 10 of 1,526
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/10011994938
and on the opportunity to recover the alternative approach of classical economists and Marx. Vernon Smith is certainly … right to insist on the heuristic force of the classical concept of "price discovery". However, his interpretation of the … classical theory of prices remains in many respects undetermined, unless it is clearly anchored to Sraffa. …
Persistent link: https://www.econbiz.de/10014230981
Sraffa's Production of Commodities. As neither the Smithian labour commanded unit nor the Ricardian-Marxian labour embodied … or the aims of Piero Sraffa's theoretical framework. In the final part, a general solution based on net labour …
Persistent link: https://www.econbiz.de/10012858514
Sraffa's Production of Commodities. As neither the Smithian labour commanded unit nor the Ricardian-Marxian labour embodied … or the aims of Piero Sraffa's theoretical framework. In the final part, a general solution based on net labour …
Persistent link: https://www.econbiz.de/10012129215
In this paper we use insights from Sraffa's classic, Production of Commodities by Means of Commodities, to argue that … price signals and quantity adjustments, given effectual demands, do not lead to a ‘centre of gravitation'. We work out all …
Persistent link: https://www.econbiz.de/10013150396
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/10011803004
Today, Karl Marx is considered one of the preeminent social scientists of the last two centuries, and ranks among the … most frequently assigned authors in university syllabi. However in Marx's time, many competing sociological traditions and … socialist political movements espoused similar ideas from different origin points. How did Marx emerge as preeminent? We …
Persistent link: https://www.econbiz.de/10012836632
Austrian economist Ludwig Mises’s central role in the socialist calculation debates has been consensually acknowledged since the early 1920s. Yet, only recently, Nemeth, O’Neill, Uebel, and others have drawn particular attention to Mises’s pertinent encounter with one of the most colorful...
Persistent link: https://www.econbiz.de/10012607642
Both Rosa Luxemburg and Michal Kalecki utilised Marx’s scheme’s or reproduction as the starting point of their analysis …
Persistent link: https://www.econbiz.de/10014040267
), we examine whether German-language print references to Karl Marx responded to the SPD’s adoption of the Marx … the publication of socialist works. Evidence of a boost to Marx's citations from the Erfurt Program is modest and … ambiguous. These results suggest that the SPD’s role in popularizing Marx was minor compared to later events such as the Russian …
Persistent link: https://www.econbiz.de/10014347963