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A Marxian model of market for money capital: Profit rate, interest rate, and leverage ratio
Park, Hyun Woong - 2020
's notion of the role of credit system in an expanded reproduction of capital is understood in terms of an efficient … reallocation of funds through credit market. From this setup of the model follow two essential relationships Marx establishes …
Persistent link: https://www.econbiz.de/10012388914
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Capital as a social process : a Marxian perspective
Ramírez, Miguel D. - In: History of economic thought and policy 9 (2020) 1, pp. 41-71
Persistent link: https://www.econbiz.de/10012605014
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Marx's theory of money and 21st-century macrodynamics
Young-Taft, Tai - 2015
Marx’s theory of money is critiqued relative to the advent of fiat and electronic currencies and the development of financial markets. Specific topics of concern include (1) today’s identity of the money commodity, (2) possible heterogeneity of the money commodity, (3) the categories of land...
Persistent link: https://www.econbiz.de/10011309516
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A unified Marxist approach to accumulation and crisis in capitalist economies
Basu, Deepankar - 2017
An economic crisis in capitalism is a deep and prolonged interruption of the economy-wide circuit of capital. Crises … emerge from within the logic of capitalism's operation, and are manifestations of the inherently contradictory process of … capital accumulation. The Marxist tradition conceptualizes two types of crisis tendencies in capitalism: a crisis of deficient …
Persistent link: https://www.econbiz.de/10011772045
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Marx's Theory of Money and 21st-Century Macrodynamics
Young-Taft, Tai - 2015
Marx's theory of money is critiqued relative to the advent of fiat and electronic currencies and the development of financial markets. Specific topics of concern include (1) today's identity of the money commodity, (2) possible heterogeneity of the money commodity, (3) the categories of land and...
Persistent link: https://www.econbiz.de/10013018685
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The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
Gander, Sascha - 2019
tendencies for which capitalism does not have simple balancing processes. In the context of a discussion of 'structural logical …
Persistent link: https://www.econbiz.de/10012063855
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Karl Marx : an early post-Keynesian? : a comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky
Hein, Eckhard - 2019
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...
Persistent link: https://www.econbiz.de/10011994938
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The environmental aspect of “Making People Rich as the Top Priority” in China : a Marxian perspective
Faber, Malte; Petersen, Thomas - 2012
Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution is even worse with 0.61. These disparities led to a major shift in emphasis of politics in general and of the Five-Year Plan for National Economic and Social Development by the...
Persistent link: https://www.econbiz.de/10009526191
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A selective review of recent quantitative empirical research in Marxist political economy
Basu, Deepankar - 2015 - This version: March 21, 2015
This paper surveys some of the quantitative empirical research in two areas of Marxist political economy: (a) Marxist national accounts, and (b) Marxist responses to the Sraffa-based critique of the 1970s. With respect to the first area, this paper explains the basic methodology underlying the...
Persistent link: https://www.econbiz.de/10010501240
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Monopoly Capital and Capitalist Inefficiency
Lambert, Thomas E. - 2016
This paper examines the arguments and assertions of Baran's and Sweezy's Monopoly Capital: An Essay on the American Economic and Social Order (1966) by assessing the degree of economic efficiency or inefficiency in how surplus value and economic surplus were created by 16 major capitalist...
Persistent link: https://www.econbiz.de/10012998517