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 …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx.s microeconomics. Marx … shown that major elements of Marx.s economic theory fall in the camp of monetary analysis and the implications for Marx ….s theory of capital accumulation are derived. First, Marx.s theory of labour value has to be considered a .monetary theory of …

. Money as a social representative of value, therefore, is introduced at the very beginning of Marx's microeconomics. Marx … shown that major elements of Marx's economic theory fall in the camp of monetary analysis and the implications for Marx …'s theory of capital accumulation are derived. First, Marx's theory of labour value has to be considered a "monetary theory of …

John Maynard Keynes's liquidity preference theory, Kregel argued that such rejection leaves the relation between money and … requires an extension of the circuit theory of money, along the lines of the credit and state money approaches of modern …. Kregel ; Chartalist ; Modern Money Theory ; State Money ; Credit Money ; Default …

equilibrium position could be specified in Aggregate Income (Effective Demand)-interest rate space.However, from this date on … in Keynes's theory was determined solely by the demand and supply of money. Hutchison had pointed this out in 1977 but …

with M=L(r) (2)because it lends itself to the Marshallian, ceteris paribus, partial equilibrium approach, where only … equilibrium approach, where only functions with one independent variable are allowed to be specified. Other economists, who work …