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This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined … 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
Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public …
Persistent link: https://www.econbiz.de/10011954059
incommensurabilities between Keynes' monetary production paradigm and the Marxian-Kaleckian social conflict paradigm. This suggests that … that this distinction aligns Keynes' economics with neoclassical (mainstream) economics, as the acceptance or rejection of …
Persistent link: https://www.econbiz.de/10014330958
Marx, Schumpeter, Wicksell, Hayek, Fisher, Keynes, Minsky, and Kindleberger. Subsequently the contributions of the …
Persistent link: https://www.econbiz.de/10010491508
on Keynes's place in its history, suggesting that these stem from a particular and debatable understanding of how the … subdiscipline has evolved. It considers some implications for today's awkward economic facts of aspects of Keynes' General Theory … that the questions about co-ordination that Keynes addressed, not to mention some of his answers, are well worth revisiting …
Persistent link: https://www.econbiz.de/10003868819
Peter Howitt is best known for his contributions to growth theory, but his work in short- run economics, which began with his Ph.D thesis and still continues, is important and deserves attention. It lies firmly in the Keynesian macro-disequilibrium tradition of Clower and Leijonhufvud, and for a...
Persistent link: https://www.econbiz.de/10013371005
two years ago is a classic "Fisher-Minsky" debt deflation. The appropriate way to analyze this transformation and collapse … it emphasized the financial nature of the capitalist economy he analyzed. -- Hyman Minsky ; Fisher-Minsky Debt Deflation …
Persistent link: https://www.econbiz.de/10008906576
insights of Karl Marx on labor, as well as those of Hyman Minsky on finance. The best way to do this is within a longer …-like, nonmechanical view about long waves, where Minsky's financial Keynesianism is integrated with Marx's focus on capitalist relations … book on Keynes …
Persistent link: https://www.econbiz.de/10013031440
two years ago is a classic “Fisher-Minsky” debt deflation. The appropriate way to analyze this transformation and collapse …
Persistent link: https://www.econbiz.de/10013128523
In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective low interest rates are attributed to ageing societies, which save more for the future (global savings glut). Low growth is...
Persistent link: https://www.econbiz.de/10012124862