-ignored assertion of Marx, repeated throughout his works, that the equality of supply and demand is contingent and their non … fundamental and unrecognised difference between Marx’s approach and that of the classicals also distinguishes Marx from most …

economic thought – physiocracy, the classics, Marx, marginalism – needs to be reviewed in this light, and argues for a … reconsideration of the contribution of Marx to economics, placing him as the first and in many ways the most consistent in a … suppressed non-equilibrium tradition in economic thought. It suggests that in this light, Marx has more in common with Austrian …

This article updates the paper ‘Mr Marx and the Neoclassics’ presented at the July 1996 conference of the History of … orthodox interpretations of Marx’s thought. It provides a rigorous value-theoretic account of the falling profit rate, of … crisis, and of unequal world development rooted in an account of the value-price relation that conforms to Marx’s disputed …

The present paper argues that Keynes's theory of aggregate employment assumes perfect competition (understood as price … capital-goods. The degree of competition, to which Keynes makes a single cryptic reference, refers to the social and … institutional obstacles to the free movement of resources, associated mainly with closed shops of entrepreneurs and workers. Keynes …

symbols of Keynes's Treatise on Probability. A distinction is drawn between ex ante and ex post fundamental value, which … coincide in the case of fixed annuities but not for financial assets in general, except in an ergodic system. Keynes's symbols …

This paper advances an intuitive way to represent Keynes’s notion of long-term expectation. The epsilon …-contamination approach is introduced and a rational and coherent decision rule is derived. The result is evidence that Ellsberg and Keynes …

method of symptomatic reading, hence in a different way from what has become standard. Beginning from the fact that Marx and …

Keynes. Marx, Schumpeter and Keynes rejected Say’s law and other basic ideas constituting the marginalist doctrine. They saw … contributions of other major authors. While deeply indebted to Marx’s vision of capitalism as a system incessantly in travail …’s attack on Marx was a failure. There are remarkable differences, but also similarities between the analyses of Schumpeter and …

occupied central importance in the history of economic thought. This paper focuses on Marx and Keynes and argues that Marx … more in common with Marx and Smith than with Ricardo and neoclassical economics. Furthermore, Keynes’s views on effective … as well as the precise mechanism that leads the economy to its crisis stage. Keynes’s analysis, although sketchy, has …