Showing 1 - 10 of 1,098
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
's value to relative scarcity of money or to the price level are rejected as inconsistent with the monetary theory of …This paper examines heterodox theories of the determinants of the value of money. Orthodox approaches that tie money … production embraced by heterodox traditions linked to Marx, Veblen, and Keynes. This paper examines and integrates (1) recent …
Persistent link: https://www.econbiz.de/10015135051
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
. 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 …
Persistent link: https://www.econbiz.de/10010486805
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
In this paper, we show that Sraffa’s prices are consistent with Marx’s analysis of the form of circulation of capital …, according to many neo-Ricardian and Marxist scholars, Marx’s theory of value and Sraffa’s theory of prices are incompatible. In … develop Marx’s form of circulation of capital, including Sraffa’s prices …
Persistent link: https://www.econbiz.de/10014240533
, the main force that gave life to Critical Theory is undeniably Karl Marx’s impetus for emancipation, however, in its … Marx, thus, the critical theorists’ claim for socio-cultural emancipation must also be subjected to criticism.Hence, the …
Persistent link: https://www.econbiz.de/10013229314
addressed this problem in his theory of power/knowledge. This paper explores Marx's anticipation of that approach in his … critique of the ‘social rationality' of the market and technology. Marx got around the silencing effect of social rationality …
Persistent link: https://www.econbiz.de/10013148726
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