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
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.
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers
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)
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 ().