Keynes and the "Ricardian foundations of Marxism"

Keynes et les "fondements ricardiens du marxisme"

Nicolas Piluso () and Edouard Cottin-Euziol ()
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Edouard Cottin-Euziol: LC2S - Laboratoire caribéen de sciences sociales - CNRS - Centre National de la Recherche Scientifique - UA - Université des Antilles

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Abstract: The purpose of this article is to interpret Keynes' statement that he wanted to undermine the Ricardian foundations of Marxism with his General Theory. We will explore two lines of thought, one theoretical and the other more pragmatic: on the one hand, he proposes a theory of involuntary unemployment elaborated within a framework of monetary economics, by eliminating any reference to the theory of value and its nomenclature hypothesis ; on the other hand, he puts forward an explanation of unemployment based on the insufficiency of anticipated demand, which allows him to provide a scientific foundation for his economic policy project that is in direct opposition to Marx's vision of it.

Keywords: unemployment; State; Money; Economic Policy; Value (search for similar items in EconPapers)
Date: 2024-05-24
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Published in Cahiers d'Economie Politique = Papers in political economy, 2024, 1 (84), pp.147-174. ⟨10.3917/cep1.084.0147⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03826056

DOI: 10.3917/cep1.084.0147

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