Genesis and foundations of the multiplier: Marx, Kalecki and Keynes

Serena Sordi and Alessandro Vercelli ()
Additional contact information
Alessandro Vercelli: Università di Siena - Dipartimento di Politica Economica, Finanza e Sviluppo

History of Economic Ideas, 2012, vol. 20, issue 2, 137-156

Abstract: This article explores the Marxian roots of the multiplier in order to clarify its foundations and validity conditions. The authors argue that from Marx’s analysis of the evolution of institutions and technology of exchange crucial insights may be derived. In the light of this analysis Kalecki reformulated Marx’s reproduction schemes as an instrument to understand and control the dynamics of a capitalist economy. Though the focus is restricted to the first two volumes of Capital and Kalecki’s early contributions, we can draw from these works valuable understanding into the theoretical and empirical scope of the Kahn-Keynes multiplier and its implications for contemporary macroeconomic problems.

Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.libraweb.net/articoli.php?chiave=201206102&rivista=61
Access to full text is restricted to subscribers

Related works:
Working Paper: Genesis and foundations of the multiplier: Marx, Kalecki and Keynes (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hid:journl:v:20:y:2012:2:6:p:137-156

Access Statistics for this article

History of Economic Ideas is currently edited by Riccardo Faucci, Nicola Giocoli, Roberto Marchionatti

More articles in History of Economic Ideas from Fabrizio Serra Editore, Pisa - Roma
Bibliographic data for series maintained by Mario Aldo Cedrini ().