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Do capitalists really want a recovery? Can they afford it? On the face of it, the question sounds silly: of course capitalists want a recovery; how else can they prosper? According to the textbooks, both mainstream and heterodox, capital accumulation and economic growth are two sides of the same...
Persistent link: https://www.econbiz.de/10011644575
Economic, financial and social commentators from all directions and of various persuasions are obsessed with the prospect of recovery. The world remains mired in a deep, prolonged crisis, and the key question seems to be how to get out of it. The purpose of our paper is to ask a very different...
Persistent link: https://www.econbiz.de/10011646063
The fields of Political Economy and Input–Output economics are commonly unrelated due to the discrepancy between the qualitative and quantitative analysis in economic science. With the aim to overcome this separation, this paper relates the basic model of Production of Commodities by Means of...
Persistent link: https://www.econbiz.de/10011858486
: Bichler and Nitzan versus Marx' EDITORS' NOTE: In the first article, Andrew Kliman responds to Bichler and Nitzan's recent … Marx', consists of two sections. The first section deals with Bichler and Nitzan's recent paper on 'Systemic Fear, Modern … Finance and the Future of Capitalism' (2010). The second section takes issue with their earlier critique of Marx’s labour …
Persistent link: https://www.econbiz.de/10011644568
-theoretic reconstruction of the main parts of Marx’s critique of Political Economy. After introducing the main parameters and the range of … development emphasized by Marx, i.e. the social conflict regime (Section 3) and the crisis regime (Section 4). Finally, an …
Persistent link: https://www.econbiz.de/10014503976
, the fact that almost all of the (later) economic manuscripts of Marx are now accessible due to the new publishing … manuscripts as well as the few economic monographs published during Marx’s lifetime indicate that Marx was figuring out different … consistent stepwise fashion, and the conditions for generating the long-term results expected by Marx can be specified. …
Persistent link: https://www.econbiz.de/10014503989
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 … theory of prices and distribution is reviewed. Then the relationship between Marx's and Keynes's monetary theory is examined …
Persistent link: https://www.econbiz.de/10014363354
Marx's and Keynes's analyses of capitalism complement each other well. In a largely general model including the public … influencing employment. Workers buy 'necessaries' out of their disposable wages from an integrated basic sector, whereas the …
Persistent link: https://www.econbiz.de/10014363355
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