The chapter explores similarities between Keynes and Sraffa, suggesting a fruitful symbiosis of the two approaches … preference theory of financial asset prices; Sraffa a theory of prices of production. Keynes rejected the idea of a natural rate …. Both challenged neoclassical price theories. Keynes formulated a "monetary theory of production" that led to a liquidity …

working paper recommends John Maynard Keynes's "clearing union" as a blueprint for reform of the international financial … architecture that could address emerging market grievances more effectively than current approaches. Keynes's proposal for the …