This paper explores the Marxian genetic root of the multiplier in order to clarify its foundations and validity conditions. Though the analysis is restricted to the first two volumes of Capital and the early contributions by Kalecki in the 1930s, we argue that we can draw from these works...

In the attempt to answer three (interrelated) questions, we concentrate on a crucial step in Goodwin's (RMG) life: his move from Cambridge, Mass. to Cambridge, UK. Why did RMG not get a permanent position at Harvard? How did RMG reach the decision to settle down in Cambridge, UK? Why was it that...

In this paper two basic policy paradigms are distinguished: updated liberalism that is fully aware of the limits to markets and therefore aims at their active regulation, and neo-liberalism that is based on market fundamentalism and aims at privatisation, deregulation and budgetary austerity....

This book provides a comprehensive overview of Keynes' contributions to macroeconomics and offers an in-depth analysis of the contested legacy of The General Theory, a book that marked the emergence of modern macroeconomics from the earlier heritage of monetary theory and business cycle and...