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The road they share: the social conflict element in Marx, Keynes and Kalecki

Pablo Bortz

Review of Keynesian Economics, 2017, vol. 5, issue 4, 563–575

Abstract: This paper sets out to find commonalities and divergences in the writings of Marx, Kalecki and Keynes regarding their analysis of social (class) conflict in capitalist societies. We find evidence that shows that, contrary to a harmonious view of society, Keynes had a class stratification of society and an understanding of conflictive interests and developments compatible with that of Marx and Kalecki. The presence of political motivations as fuel for economic instability is another shared element between Kalecki and Keynes. Differences arise regarding the relative importance of the inter- and intra-class dynamic as a driver of distributive conflict, and the State's capabilities to guide or control those conflicts and their consequences.

Keywords: Keynes; Kalecki; Marx; social conflict; fiscal policy; interest rate (search for similar items in EconPapers)
JEL-codes: B14 B31 D74 E22 E64 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:elg:rokejn:v:5:y:2017:i:4:p563-575