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This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … 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/10011994938
a synthesis between Kaldor's and Kalecki's theories and that of Schumpeter,might have been possible and that it …
Persistent link: https://www.econbiz.de/10011706795
We examine the relationship between prices and interest rates for seven advanced economies in the period up to 1913 …, emphasizing the UK. There is a significant long-run positive relationship between prices and interest rates for the core commodity …
Persistent link: https://www.econbiz.de/10010402305
Kalecki's profit theory has always been popular among heterodox economist as an alternative approach to solve the … spend' is scrutinized for its logical and factual implications. The analysis shows that Kalecki's alternative approach …
Persistent link: https://www.econbiz.de/10013037979
effectively ignored by neoclassical macroeconomics. In contrast, Kalecki's approach brings to the forefront the sources of profits …
Persistent link: https://www.econbiz.de/10013074584
This paper proposes a theory of the mark-up that is embedded in a circuit model of the capitalist mode of production. The model and the theory are built on Keynes's principle of effective demand, Graziani's monetary theory of production and Pivetti's monetary theory of distribution. The...
Persistent link: https://www.econbiz.de/10015183302
This paper proposes a theory of the mark-up that is embedded in a circuit model of the capitalist mode of production. The model and the theory are built on Keynes's principle of effective demand, Graziani's monetary theory of production and Pivetti's monetary theory of distribution. The price-...
Persistent link: https://www.econbiz.de/10015406628
The present essay addresses the epistemic difficulties involved in achieving consensus with respect to the Hayek-Keynes debate. It is argued that the debate cannot be settled on the basis of the observable evidence; or, more precisely, that the empirical implications of the relevant theories are...
Persistent link: https://www.econbiz.de/10014155833
The interplay of epistemic and empiric conditions of human behaviour plays a crucial role in economic causality but it is not satisfactorily analysed by the existing approaches to economic causality, including the most influential of them: Granger causality. In order to find a more satisfactory...
Persistent link: https://www.econbiz.de/10014119275
The article reviews J.M.Keynes' Collected Works, recently republished in paperback edition. The author proposes a number of reading paths along the thirty-volumes strong collection, highlighting the development of Keynes' ideas and activities
Persistent link: https://www.econbiz.de/10014144602