Marxian reproduction schema: money and aggregate demand in capitalist economy
In: Routledge frontiers of political economy 78
18 Ergebnisse
Sortierung:
In: Routledge frontiers of political economy 78
In: Open discussion papers in economics 46
In: Contributions to political economy, Band 39, Heft 1, S. 23-41
ISSN: 1464-3588
Abstract
Under Marx's critique of Say's Law, as originally devised by Say and James Mill, money hoarding leads to a shortfall in aggregate demand. This paper responds to a Post Keynesian argument that hoarding does not restrict aggregate demand since for Marx money consists of a produced commodity, and hoarding is just one form of commodity demand. Drawing on Marx's monetary writings, a new monetary equilibrium is suggested in which produced gold is used to replace wear and tear in circulation. An alternative critique of Say's Law is thus proposed as a contribution to understanding the complexity of Marx's monetary foundations.
In: Science & Society, Band 70, Heft 3, S. 392-397
In: Science & society: a journal of Marxist thought and analysis, Band 70, Heft 3, S. 392-396
ISSN: 0036-8237
In: Review of social economy: the journal for the Association for Social Economics, Band 62, Heft 3, S. 393-406
ISSN: 1470-1162
In: Science & Society, Band 68, Heft 2, S. 187-205
In: Science & society: a journal of Marxist thought and analysis, Band 68, Heft 2, S. 187-205
ISSN: 0036-8237
In: Sociology: the journal of the British Sociological Association, Band 37, Heft 3, S. 615-617
ISSN: 1469-8684
In: Journal of economic issues, Band 35, Heft 1, S. 99-115
ISSN: 1946-326X
In: Imprints: egalitarian theory and practice, Band 4, Heft 1, S. 63-80
ISSN: 1363-5964
In: Journal of post-Keynesian economics, Band 17, Heft 1, S. 91-109
ISSN: 1557-7821
In: Open discussion papers in economics 40
In: Structural change and economic dynamics, Band 59, S. 375-383
ISSN: 1873-6017