Verified Document

Economic Theories Marx Viewed Capital Essay

Both Keynes and Kalecki use Marx's theories as a starting point but quickly moved into new ways of thinking, particularly with regard to effective demand being oriented toward the demand-side. Marx had remained rooted in supply-side demand function, rejecting Say's Law only to note that demand did not necessarily meet supply. Works Cited:

Marx, K. (1867). Das kapital: A critique of political economy.

Mandel, E. (1995). Marx's theory of crises. International Viewpoint. Retrieved April 24, 2010 from http://www.internationalviewpoint.org/spip.php?article289

Argitis, G. (2003). Finance, instability and economic crisis: The Marx, Keynes and Minsky problems in contemporary capitalism. University of Crete working paper no. 0307.

Green, F. (1991). Marx, Malthus and wages:...

History of Political Economy. Vol. 23 (1) 95-100.
Magdoff, F. & Magdoff, H. (2004). Disposable workers: Todays' reserve army of labor. CBS Marketwatch. Retrieved April 24, 2010 from http://findarticles.com/p/articles/mi_m1132/is_11_55/ai_n6137106/

Sebastiani, M. (1989). Kalecki and Marx on effective demand. Atlantic Economic Journal. Vol. 17 (4) 22-28.

Shaikh, A. (1985). Demand in Keynes, Marx and Kalecki. New School for Social Research. Retrieved April 24, 2010 from http://homepage.newschool.edu/~AShaikh/Accumulation,%20finance,%20and%20effective%20demand%20in%20Marx,%20Keynes%20.pdf

Mattick, P. (1955). Marx and Keynes. Western Socialists. Retrieved April 24, 2010 from http://www.marxists.org/archive/mattick-paul/1955/keynes.htm

Sources used in this document:
Works Cited:

Marx, K. (1867). Das kapital: A critique of political economy.

Mandel, E. (1995). Marx's theory of crises. International Viewpoint. Retrieved April 24, 2010 from http://www.internationalviewpoint.org/spip.php?article289

Argitis, G. (2003). Finance, instability and economic crisis: The Marx, Keynes and Minsky problems in contemporary capitalism. University of Crete working paper no. 0307.

Green, F. (1991). Marx, Malthus and wages: A comment on Cotrell and Darity. History of Political Economy. Vol. 23 (1) 95-100.
Magdoff, F. & Magdoff, H. (2004). Disposable workers: Todays' reserve army of labor. CBS Marketwatch. Retrieved April 24, 2010 from http://findarticles.com/p/articles/mi_m1132/is_11_55/ai_n6137106/
Shaikh, A. (1985). Demand in Keynes, Marx and Kalecki. New School for Social Research. Retrieved April 24, 2010 from http://homepage.newschool.edu/~AShaikh/Accumulation,%20finance,%20and%20effective%20demand%20in%20Marx,%20Keynes%20.pdf
Mattick, P. (1955). Marx and Keynes. Western Socialists. Retrieved April 24, 2010 from http://www.marxists.org/archive/mattick-paul/1955/keynes.htm
Cite this Document:
Copy Bibliography Citation

Related Documents

Criminal Science Conflict Theory: Marx,
Words: 3370 Length: 10 Document Type: Term Paper

The idea is that, eventually, as standards of living rise in Mexico, Mexican consumers will be able to buy all of the same kinds of goods now regularly purchased by their neighbors to the north. In the meantime, in addition to lower labor costs, the agreement also gives American and Canadian concerns access to cheaper raw materials, and an additional, migrant or resident, labor force of Mexicans, upon which

Marx's Theory of Exploitation
Words: 2357 Length: 6 Document Type: Term Paper

Marx's Evolving Theory Of Exploitation As the author of the definitive Communist Manifesto, Marx was arguably one of the most influential of 19th century economists, and certainly one of the most influential of the revolutionaries of the era. Because of the overwhelming influence which he had on the political and philosophical history of the world, it is understandable that he has a great and even fundamentalist following. However, there remains a

Economic Crisis and Capitalism
Words: 3179 Length: 10 Document Type: Essay

Economic Crisis The recession of 2008-2009 and the subsequent government responses provides a good test for economic theories. There are no controlled experiments in economics, so we can only work with case studies in order to understand how economies work. A good starting point is to consider the issue through multiple different lenses, so that we can understand how the crisis occurred and what prescriptions might be best suited for response

Marx and Rousseau on Property
Words: 2567 Length: 8 Document Type: Term Paper

. . while defending these institutions themselves" (1034-1035). Peled further argues that Rousseau was not able to solve this paradox and it was one of the reasons why he became increasingly pessimistic about modernity. But Rousseau's attempts to reconcile the contradiction in his approach are worth looking at in details. Although Rousseau abhorred inequality that rose out of private property, he did not hold any illusions about modernity. He believed

Marx & Engels: Would They
Words: 2052 Length: 8 Document Type: Term Paper

Voice, however, is usually political and confrontational. In communist societies, it is impossible to get all people to conform to an ideal without using some type of force. People view freedom as the ability to do what they want with their time and control their resources. If the state forces you to work only for its benefit and the benefit of the community, individual freedom will always be limited. This

Marx 'N Me: The Influence
Words: 1098 Length: 3 Document Type: Research Proposal

Marx's pragmatism is also very appealing to me. Emotive appeals not only do not make much sense to me, they also do not tend to affect great policy change or sway societies. Marx argues for the same things that many of the humanist philosophers of the Enlightenment argues for, but he determines that this is the correct course not due to emotive arguments, but the cool, rational logic of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now