Marx And Keynes

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Keynes and Marx

Author : Bill Dunn
Publisher : Manchester University Press
ISBN 13 : 1526154919
Total Pages : 435 pages
Book Rating : 4.5/5 (261 download)

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Book Synopsis Keynes and Marx by : Bill Dunn

Download or read book Keynes and Marx written by Bill Dunn and published by Manchester University Press. This book was released on 2021-07-06 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.

Marx and Keynes

Author : Paul Mattick
Publisher : Radical Reprints
ISBN 13 : 9781957112114
Total Pages : pages
Book Rating : 4.1/5 (121 download)

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Book Synopsis Marx and Keynes by : Paul Mattick

Download or read book Marx and Keynes written by Paul Mattick and published by Radical Reprints. This book was released on 2022-01-31 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Marx and Keynes: The Limits of the Mixed Economy is a 1969 book by Paul Mattick which presents a Marxist critique of the Keynesian approach to economic problems. During a time in which the economic orthodoxy was to say that the contradictions of the capitalist system had been overcome, Marx and Keynes goes against the orthodoxy to examine how the solutions which are presented for the market in Keynesianism are only limited and present the same contradictions. Written before the complete turn to Neoliberalism, Mattick not only critiques Keynes' policies, but also points out the same contradictions of the system exist within the state capitalism of the USSR, proclaiming himself an "Anti-Bolshevik Communist." Past being a critique of Keynesianism, Marx and Keynes is also a guide to understanding Marx's economics, from the theory of value to the falling rate of profit, Mattick applies Marx to the current state of economics in the '60s. Paul Mattick, Sr. (March 13, 1904 - February 7, 1981) was a Marxist political writer and social revolutionary, whose thought can be placed within the council communist and left communist traditions.

General Theory Of Employment , Interest And Money

Author : John Maynard Keynes
Publisher : Atlantic Publishers & Dist
ISBN 13 : 9788126905911
Total Pages : 410 pages
Book Rating : 4.9/5 (59 download)

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Book Synopsis General Theory Of Employment , Interest And Money by : John Maynard Keynes

Download or read book General Theory Of Employment , Interest And Money written by John Maynard Keynes and published by Atlantic Publishers & Dist. This book was released on 2016-04 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: John Maynard Keynes is the great British economist of the twentieth century whose hugely influential work The General Theory of Employment, Interest and * is undoubtedly the century's most important book on economics--strongly influencing economic theory and practice, particularly with regard to the role of government in stimulating and regulating a nation's economic life. Keynes's work has undergone significant revaluation in recent years, and "Keynesian" views which have been widely defended for so long are now perceived as at odds with Keynes's own thinking. Recent scholarship and research has demonstrated considerable rivalry and controversy concerning the proper interpretation of Keynes's works, such that recourse to the original text is all the more important. Although considered by a few critics that the sentence structures of the book are quite incomprehensible and almost unbearable to read, the book is an essential reading for all those who desire a basic education in economics. The key to understanding Keynes is the notion that at particular times in the business cycle, an economy can become over-productive (or under-consumptive) and thus, a vicious spiral is begun that results in massive layoffs and cuts in production as businesses attempt to equilibrate aggregate supply and demand. Thus, full employment is only one of many or multiple macro equilibria. If an economy reaches an underemployment equilibrium, something is necessary to boost or stimulate demand to produce full employment. This something could be business investment but because of the logic and individualist nature of investment decisions, it is unlikely to rapidly restore full employment. Keynes logically seizes upon the public budget and government expenditures as the quickest way to restore full employment. Borrowing the * to finance the deficit from private households and businesses is a quick, direct way to restore full employment while at the same time, redirecting or siphoning

The Big Three in Economics

Author : Mark Skousen
Publisher : M.E. Sharpe
ISBN 13 : 9780765622167
Total Pages : 238 pages
Book Rating : 4.6/5 (221 download)

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Book Synopsis The Big Three in Economics by : Mark Skousen

Download or read book The Big Three in Economics written by Mark Skousen and published by M.E. Sharpe. This book was released on 2007 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. The Big Three in Economics traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state.

Contending Economic Theories

Author : Richard D. Wolff
Publisher : MIT Press
ISBN 13 : 0262517833
Total Pages : 425 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Contending Economic Theories by : Richard D. Wolff

Download or read book Contending Economic Theories written by Richard D. Wolff and published by MIT Press. This book was released on 2012-09-07 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic comparison of the 3 major economic theories—neoclassical, Keynesian, and Marxian—showing how they differ and why these differences matter in shaping economic theory and practice. Contending Economic Theories offers a unique comparative treatment of the three main theories in economics as it is taught today: neoclassical, Keynesian, and Marxian. Each is developed and discussed in its own chapter, yet also differentiated from and compared to the other two theories. The authors identify each theory's starting point, its goals and foci, and its internal logic. They connect their comparative theory analysis to the larger policy issues that divide the rival camps of theorists around such central issues as the role government should play in the economy and the class structure of production, stressing the different analytical, policy, and social decisions that flow from each theory's conceptualization of economics. Building on their earlier book Economics: Marxian versus Neoclassical, the authors offer an expanded treatment of Keynesian economics and a comprehensive introduction to Marxian economics, including its class analysis of society. Beyond providing a systematic explanation of the logic and structure of standard neoclassical theory, they analyze recent extensions and developments of that theory around such topics as market imperfections, information economics, new theories of equilibrium, and behavioral economics, considering whether these advances represent new paradigms or merely adjustments to the standard theory. They also explain why economic reasoning has varied among these three approaches throughout the twentieth century, and why this variation continues today—as neoclassical views give way to new Keynesian approaches in the wake of the economic collapse of 2008.

The Macrodynamics of Capitalism

Author : Peter Flaschel
Publisher : Springer Science & Business Media
ISBN 13 : 3540879323
Total Pages : 402 pages
Book Rating : 4.5/5 (48 download)

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Book Synopsis The Macrodynamics of Capitalism by : Peter Flaschel

Download or read book The Macrodynamics of Capitalism written by Peter Flaschel and published by Springer Science & Business Media. This book was released on 2008-12-11 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

Marx, Marshall, and Keynes

Author : Joan Robinson
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Marx, Marshall, and Keynes by : Joan Robinson

Download or read book Marx, Marshall, and Keynes written by Joan Robinson and published by . This book was released on 1955 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes

Author : Mark Skousen
Publisher : Routledge
ISBN 13 : 1317458206
Total Pages : 346 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes by : Mark Skousen

Download or read book The Big Three in Economics: Adam Smith, Karl Marx, and John Maynard Keynes written by Mark Skousen and published by Routledge. This book was released on 2015-01-28 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: History comes alive in this fascinating story of opposing views that continue to play a fundamental role in today's politics and economics. "The Big Three in Economics" traces the turbulent lives and battle of ideas of the three most influential economists in world history: Adam Smith, representing laissez faire; Karl Marx, reflecting the radical socialist model; and John Maynard Keynes, symbolizing big government and the welfare state. Each view has had a significant influence on shaping the modern world, and the book traces the development of each philosophy through the eyes of its creator. In the twenty-first century, Adam Smith's "invisible hand" model has gained the upper hand, and capitalism appears to have won the battle of ideas over socialism and interventionism. But author Mark Skousen shows that, even in the era of globalization and privatization, Keynesian and Marxian ideas continue to play a significant role in economic policy.

Keynes Against Capitalism

Author : James Crotty
Publisher : Routledge
ISBN 13 : 0429877056
Total Pages : 595 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Keynes Against Capitalism by : James Crotty

Download or read book Keynes Against Capitalism written by James Crotty and published by Routledge. This book was released on 2019-04-29 with total page 595 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keynes is one of the most important and influential economists who ever lived. It is almost universally believed that Keynes wrote his magnum opus, The General Theory of Employment, Interest and Money, to save capitalism from the socialist, communist, and fascist forces that were rising up during the Great Depression era. This book argues that this was not the case with respect to socialism. Tracing the evolution of Keynes’s views on policy from WWI until his death in 1946, Crotty argues that virtually all post-WWII "Keynesian" economists misinterpreted crucial parts of Keynes’s economic theory, misunderstood many of his policy views, and failed to realize that his overarching political objective was not to save British capitalism, but rather to replace it with Liberal Socialism. This book shows how Keynes’s Liberal Socialism began to take shape in his mind in the mid-1920s, evolved into a more concrete institutional form over the next decade or so, and was laid out in detail in his work on postwar economic planning at Britain’s Treasury during WWII. Finally, it explains how The General Theory provided the rigorous economic theoretical foundation needed to support his case against capitalism in support of Liberal Socialism. Offering an original and highly informative exposition of Keynes’s work, this book should be of great interest to teachers and students of economics. It should also appeal to a general audience interested in the role the most important economist of the 20th century played in developing the case against capitalism and in support of Liberal Socialism. Keynes Against Capitalism is especially relevant in the context of today’s global economic and political crises.

Adam Smith, Marx, Keynes and Friedman

Author : Domingos de Gouveia Rodrigues
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.6/5 (91 download)

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Book Synopsis Adam Smith, Marx, Keynes and Friedman by : Domingos de Gouveia Rodrigues

Download or read book Adam Smith, Marx, Keynes and Friedman written by Domingos de Gouveia Rodrigues and published by . This book was released on 2020-09-27 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic thought has suffered, over the past centuries, remarkable progress and, despite the fact that the contemporary world is characterized by the existence of distressing problems in many regions of the planet, such as diseases, misery, hunger, unemployment, incomprehension among peoples leading to wars and the latent state of international tension and violence, understood in its broadest sense, undoubtedly all currents of economic thought, throughout history, from Greek and Roman philosophers, to the scholastics of the Middle Ages, to mercantilists (these not much clearly), by 18th century liberals, by 19th century socialists and more recently, in the 20th century, by John Maynard Keynes (1888-1946) and Milton Friedman (1912-2006), emphasize the need to seek a more just, free and balanced world where man can have access to growing social well-being, materialized in the continuous meeting of his socio-political-economic needs and in the development of his spirit.The reasons for not fully achieving these goals - despite the remarkable scientific and technological progress achieved by Humanity - may lie in the nature of the human being himself, unequally endowed with aptitudes, desires and goals, an insatiable conqueror and increasingly self-centered.However, this moral and philosophical stance of great thinkers gives encouragement to those who envision a better world and, although the recipes are different - throughout history there has been a huge diversity of ideas and systems, many of them totally antagonistic (some liberal, others centralizing) - the ultimate goal is always the good of humanity.In this book, we present some ideas that we consider fundamental to understand the thinking of four great Men - Adam Smith (1723-1790), Karl Marx (1818-1883), John Maynard Keynes (1883-1946) and Milton Friedman (1912-2006). Sometimes in agreement, almost always divergent, their reading shows us how complex, different and grandiose human thought is and how to interpret the world around him.Put in the form of an "interview", let us pretend that the issues raised here are being said by them today. Without a doubt, we will be surprised to see many of their ideas with remarkable relevance, although none of the four is still alive."Let's talk", then, to Adam Smith, Marx, Keynes and Friedman.

Scare Quotes from Shakespeare

Author : Martin Harries
Publisher : Stanford University Press
ISBN 13 : 9780804736213
Total Pages : 236 pages
Book Rating : 4.7/5 (362 download)

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Book Synopsis Scare Quotes from Shakespeare by : Martin Harries

Download or read book Scare Quotes from Shakespeare written by Martin Harries and published by Stanford University Press. This book was released on 2000 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that moments of allusion to the supernatural in Shakespeare are occasions where Karl Marx and John Maynard Keynes register the perseverance of haunted structures in modern culture. This "reenchantment," at the heart of modernity and of literary and political works central to our understanding of modernity, is the focus of this book. The author shows that allusion to supernatural moments in Shakespeare ("scare quotes") allows writers to both acknowledge and distance themselves from the supernatural phenomena that challenge their disenchanted understanding of the social world. He also uses these modern appropriations of Shakespeare as provocations to reread some of his works, notably Hamlet and Macbeth. Two pairs of linked chapters form the center of the book. One pair joins a reading of Marx, concentrating on The Eighteenth Brumaire, to Hamlet; the other links a reading of Keynes, focusing on The Economic Consequences of the Peace, to Macbeth. The chapters on Marx and Keynes trace some of the strange circuits of supernatural rhetoric in their work, Marx's use of ghosts and Keynes's fascination with witchcraft. The sequence linking Marx to Hamlet, for example, has as its anchor the Frankfurt School's concept of the phantasmagoria, the notion that it is in the most archaic that one encounters the figure of the new. Looking closely at Marx's association of the Ghost in Hamlet with the coming revolution in turn illuminates Hamlet's association of the Ghost with the supernatural beings many believed haunted mines. An opening chapter discusses Henry Dircks, a nineteenth-century English inventor who developedand then lost his claim toa phantasmagoria or machine to project ghosts on stage. Dircks resorted to magical rhetoric in response to his loss, which is emblematic for the book as a whole, charting ways the scare quote can, paradoxically, continue the work of enlightenment.

Ten Great Economists

Author : Joseph A. Schumpeter
Publisher : Routledge
ISBN 13 : 1134835493
Total Pages : 356 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Ten Great Economists by : Joseph A. Schumpeter

Download or read book Ten Great Economists written by Joseph A. Schumpeter and published by Routledge. This book was released on 1997-11-06 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1952, this seminal work is reproduced here with a new introduction by Professor Mark Perlman. The new introduction places this work in its contemporary context and highlights its importance for students ...?????

Heterodox Macroeconomics

Author : Jonathan P. Goldstein
Publisher : Routledge
ISBN 13 : 1135968616
Total Pages : 301 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Heterodox Macroeconomics by : Jonathan P. Goldstein

Download or read book Heterodox Macroeconomics written by Jonathan P. Goldstein and published by Routledge. This book was released on 2009-06-02 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on an integrated heterodox approach to the original contributions of Keynes, Marx and early institutionalists, featuring an international set of authors from the US, the UK, Japan and Korea.

Keynes Hayek: The Clash that Defined Modern Economics

Author : Nicholas Wapshott
Publisher : W. W. Norton & Company
ISBN 13 : 039308311X
Total Pages : 423 pages
Book Rating : 4.3/5 (93 download)

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Book Synopsis Keynes Hayek: The Clash that Defined Modern Economics by : Nicholas Wapshott

Download or read book Keynes Hayek: The Clash that Defined Modern Economics written by Nicholas Wapshott and published by W. W. Norton & Company. This book was released on 2011-10-11 with total page 423 pages. Available in PDF, EPUB and Kindle. Book excerpt: “I defy anybody—Keynesian, Hayekian, or uncommitted—to read [Wapshott’s] work and not learn something new.”—John Cassidy, The New Yorker As the stock market crash of 1929 plunged the world into turmoil, two men emerged with competing claims on how to restore balance to economies gone awry. John Maynard Keynes, the mercurial Cambridge economist, believed that government had a duty to spend when others would not. He met his opposite in a little-known Austrian economics professor, Freidrich Hayek, who considered attempts to intervene both pointless and potentially dangerous. The battle lines thus drawn, Keynesian economics would dominate for decades and coincide with an era of unprecedented prosperity, but conservative economists and political leaders would eventually embrace and execute Hayek's contrary vision. From their first face-to-face encounter to the heated arguments between their ardent disciples, Nicholas Wapshott here unearths the contemporary relevance of Keynes and Hayek, as present-day arguments over the virtues of the free market and government intervention rage with the same ferocity as they did in the 1930s.

The Value of Money

Author : Prabhat Patnaik
Publisher : Columbia University Press
ISBN 13 : 0231519214
Total Pages : 279 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis The Value of Money by : Prabhat Patnaik

Download or read book The Value of Money written by Prabhat Patnaik and published by Columbia University Press. This book was released on 2009-04-02 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is money more valuable than the paper on which it is printed? Monetarists link the value of money to its supply and demand, believing the latter depends on the total value of the commodities it circulates. According to Prabhat Patnaik, this logic is flawed. In his view, in any nonbarter economy, the value we assign to money is determined independently of its supply and demand. Through an original and provocative critique of monetarism, Patnaik advances a revolutionary understanding of macroeconomics that highlights the "propertyist" position of Karl Marx and John Maynard Keynes. Unlike the usual division between "classical" economists (e.g., David Ricardo and Marx) and the "marginalists" (e.g., Carl Menger, William Stanley Jevons, and Léon Walras), Patnaik places "monetarists," including Ricardo, on one side, while grouping propertyist writers like Marx, Keynes, and Rosa Luxemburg on the other. This second group subscribes to the idea that the value of money is given from outside the realm of supply and demand, therefore making money a form in which wealth is held. The fact that money is held as wealth in turn gives rise to the possibility of deficiency of aggregate demand under capitalism. It is no accident that this possibility was highlighted by Marx and Keynes while going largely unrecognized by Ricardo and contemporary monetarists. At the same time, Patnaik points to a weakness in the Marx-Keynes tradition namely, its lack of any satisfactory explanation of why the value of money, determined from outside the realm of supply and demand, remains relatively stable over long stretches of time. The answer to this question lies in the fact that capitalism is not a self-contained system but is born from a precapitalist setting with which it interacts and where it creates massive labor reserves that, in turn, impart stability to the value of money. Patnaik's theory of money, then, is also a theory of imperialism, and he concludes with a discussion of the contemporary international monetary system, which he terms the "oil-dollar" standard.

The Enigma of Capital

Author : David Harvey
Publisher : Oxford University Press
ISBN 13 : 0199836841
Total Pages : 305 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis The Enigma of Capital by : David Harvey

Download or read book The Enigma of Capital written by David Harvey and published by Oxford University Press. This book was released on 2011 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the basic workings of capitalism, how it came to dominate the world, and why it resulted in a financial crisis in 2008, arguing that a radical overhaul of the economic system is the only way to create a sustainable future.

Marx, Capital and the Madness of Economic Reason

Author : David Harvey
Publisher : Oxford University Press
ISBN 13 : 0190691484
Total Pages : 253 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Marx, Capital and the Madness of Economic Reason by : David Harvey

Download or read book Marx, Capital and the Madness of Economic Reason written by David Harvey and published by Oxford University Press. This book was released on 2018 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prologue -- The visualisation of capital as value in motion -- Capital, the book -- Money as the representation of value -- Anti-value: the theory of devaluation -- Prices without values -- The question of technology -- The space and time of value -- The production of value regimes -- The madness of economic reason -- Coda