Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public … influencing employment. Workers buy "necessaries" out of their disposable wages from an integrated basic sector, whereas the … "luxury" department's revenues spring from other sources of income. In order to maximize profits, the wage good industry …

employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …