Showing 1 - 10 of 418
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
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
Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the …
Persistent link: https://www.econbiz.de/10010491508
The paper is on one of the best Macroeconomics teachers and a finest Marxists of our time, who is none other than Professor Patnaik. The reading is neither decisive nor trivial to understand the contribution of a behemoth personality, nonetheless, presents a humble perception of some of his work...
Persistent link: https://www.econbiz.de/10013005590
impossible to identify the equilibrium, market clearing rate of interest because there was no LP(LM) curve derived from the … Liquidity Preference Function, Demand for Money and Supply of Money. Keynes's LP equation is the equation that Keynes identified …, however, we introduce the state of liquidity-preference and the quantity of money and these between them tell us that the rate …
Persistent link: https://www.econbiz.de/10012926784
J M Keynes solved the problems of the certainty, reflection, translation, and preference reversal effects long before these effects were specified in the post world war II literature by psychologists. Keynes recognized in chapter 26 of the A Treatise on Probability (1921; p.313) that all of these...
Persistent link: https://www.econbiz.de/10012833178