The Keynesian conception of economic crises and its critique based on Marx

Rômulo Soares Polari ()

Brazilian Journal of Political Economy, 1984, vol. 4, issue 2, 242-266

Abstract: This article analyzes the limitations of explication and solution offered byKeynes, in respect to the capitalistic economic crisis, in the light of Marx’s ideas. Firstly, itdiscusses why Keynes even apprehending the capitalism crisis vocation, operating in “laissez-faire” conditions, does not understand its causes, immanent to the development of thecapitalistic production relations. It also attempts to show that only in a non-time relatedperspective, the Keynesian solution would be able to attenuate the contradictions inherentto capitalism and to resolve the problems from its crisis. Finally, it develops new ideas in anattempt to present as sufficiently steady the affirmation that, in the middle and long run theKeynesians “remedies” tend to aggravate the contradictions which caused the crisis and createnews problems, inconsistent with capitalistic interests. JEL Classification: B51; E11; E12.

Keywords: Keynes; capitalism; crisis; Marxism (search for similar items in EconPapers)
Date: 1984
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