Showing 1 - 10 of 435
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
Sraffa's Production of Commodities. As neither the Smithian labour commanded unit nor the Ricardian-Marxian labour embodied … or the aims of Piero Sraffa's theoretical framework. In the final part, a general solution based on net labour …
Persistent link: https://www.econbiz.de/10012858514
Sraffa's Production of Commodities. As neither the Smithian labour commanded unit nor the Ricardian-Marxian labour embodied … or the aims of Piero Sraffa's theoretical framework. In the final part, a general solution based on net labour …
Persistent link: https://www.econbiz.de/10012129215
's value to relative scarcity of money or to the price level are rejected as inconsistent with the monetary theory of …This paper examines heterodox theories of the determinants of the value of money. Orthodox approaches that tie money … production embraced by heterodox traditions linked to Marx, Veblen, and Keynes. This paper examines and integrates (1) recent …
Persistent link: https://www.econbiz.de/10015135051
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
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
Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the …
Persistent link: https://www.econbiz.de/10010491508
years, and in particular the place of Marx and Keynes as catalytic thinkers in that process …
Persistent link: https://www.econbiz.de/10013080298
equilibrium position in either the short run or long run. They combined this supposition with their own redefinition of the … equilibrium if there was complete and total uncertainty of the future. Pace Shackle and Robinson, Keynes never defined uncertainty … equilibrium one is correct. However, economists do not understand how Keynes carried out his modeling of multiple equilibria …
Persistent link: https://www.econbiz.de/10014114315