Keynes

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

John Milios Department of Humanities, Social Sciences and LawNational Technical Universityof Athens, GreeceEmail: john.milios@gmail.com Dimitris P. SotiropoulosDepartment of Sociology University of the Aegean, GreeceEmail: d.p.sotiropoulos@gmail.com Short description: When does a theory really die? In the history of economic thought, it …

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

… If no one borrowed, our capitalist economies would go into severe contraction because the vast majority of our money is created as debt. This is why financial elites were rattled during the global financial crisis: they feared credit would …

Covid ‐ 19 Capitalism, Neoliberal Debt & the Need for Sovereign Money

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

This paper argues that the conception of ‘money endogeneity’ formulated and defended by Post-Keynesian economists can be founded on a coherent and theoretically sound way only on the basis of Marx’s theory of value, which the author comprehends as the …

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

Heterodox Economics vis-à-vis Crisis and Finance. Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

The 2007-2008 financial crisis is without precedent in the post-war period, a fact acknowledged by the majority of economists. At the same time, the crisis is a ‘marginal moment’ which unveils and helps us rethink the workings of contemporary capitalism. …

Heterodox Economics vis-à-vis Crisis and Finance. Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

Self-imposed division, overlooked continuity: Marx, Keynes and the Rate of Profit

Abstract This paper was presented to the World Keynes Conference in Denizli, Turkey. Its purpose is to analyse the conditions for a stable exit from Long Depressions, in line with the programme of research outlined in my chapter for the …

Self-imposed division, overlooked continuity: Marx, Keynes and the Rate of Profit

Gesamtkapitalreproduktion und keynesianische Interpretationen von Marx

Jannis Milios, Dimitris Sotiropoulos   1. Einführung In diesem Aufsatz werden wir den Versuch keynesianischer Ökonomen diskutieren, die Marxschen Reproduktionsschemata im 2. Band des Kapital so auszunutzen, dass sie die Marxsche Analyse mit dem Keynesschen Prinzip der effektiven Nachfrage in …

Gesamtkapitalreproduktion und keynesianische Interpretationen von Marx

Orthodoxy of the Neoclassical Synthesis: Minsky’s Capitalism Without Capitalists, Capital Assets, and Financial Markets

During the very years when orthodoxy turned Keynesianism on its head, extolling Reaganomics and Thatcherism as adequate for achieving stabilisation in the epoch of global capitalism, Minsky (Stabilizing an Unstable Economy) pointed to the destabilising consequences of this approach. The …

Orthodoxy of the Neoclassical Synthesis: Minsky’s Capitalism Without Capitalists, Capital Assets, and Financial Markets

Bemerkungen zu Anwar Shaikh`s „Capitalism: Competition, Conflict, Crises“ (3)

Die traditionelle Theorie des internationalen Handels basiert auf zwei grundlegenden Thesen: 1) Der freie Handel wird durch die Theorie der komparativen Kosten geregelt. 2) Er führt zur Vollbeschäftigung in jeder Nation. Die erste These besagt, dass eine Nation vom internationalen …

Bemerkungen zu Anwar Shaikh`s „Capitalism: Competition, Conflict, Crises“ (3)

Podcast: Syriza’s John Milios, “I will continue to fight against austerity”

21.7.15 Wir verlinken hier zu einem aktuellen Podcast mit John Milios. Erneut bekräftigt er gegen keynesianische Positionen, dass es sich bei der Austeritätspolitik um eine durchaus rationale Politik des Kapitals  zur Senkung der Lohnkosten handele, um die Profitabilität zu sichern. …

Podcast: Syriza’s John Milios, “I will continue to fight against austerity”

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