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The Economic Ideas of Marx's Capital "Steps Towards Post-Keynesian Economics"

The Economic Ideas of Marx's Capital "Steps Towards Post-Keynesian Economics"

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  • ISBN:9781138938977
  • Editorial: Routledge
  • Fecha de la edición:
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  • Nº Pág.:336
  • Idiomas:Ingles,Inglés

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Nearly two hundred years have passed since the birth of Karl Marx and continuing to this day the influence of his economic views, insights and theories can still be felt. However, since the publication of Das Kapital, the scientific community has not been sitting idle - it is time to evaluate Marx as an economist and explore what he can bring to modern economic thinking, particularly post-Keynesian economics. Starting with Marx's schemes of reproduction, which, it is shown, are the basis of the linear model of production as used since the 1960s by Piero Sraffa, Michio Morishima and others, the book reviews and assesses Marx's major economic theses. These include: the labour theory of value; accumulation and technical change and its impact on labour; the concept of unproductive labour; the tendential falling rate of profits; the evolution and determinants of the share of wages in national income; as well as short-run and long-run economic dynamics.

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