This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post" view on the matter and rather looks at the output side of the respective authors, but not at the input side. This means no attempt is made at studying in a systematic way, if and...

Neoclassical economic theory is often criticized for neglecting some essential elements in models of economic decision making. These criticisms can be categorized into external and internal ones. This paper summarizes a number of incoherence built into the models of neoclassical economic theory....