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

Serena Sordi () and Alessandro Vercelli ()

Department of Economic Policy, Finance and Development (DEPFID) University of Siena from Department of Economic Policy, Finance and Development (DEPFID), University of Siena

Abstract: This paper explores the Marxian genetic root of the multiplier in order to clarify its foundations and validity conditions. Though the analysis is restricted to the first two volumes of Capital and the early contributions by Kalecki in the 1930s, we argue that we can draw from these works valuable insights into the theoretical and empirical scope of the Kahn-Keynes multiplier.

Keywords: multiplier; reproduction schema; capitalist process of circulation (search for similar items in EconPapers)
JEL-codes: B23 B41 E11 E12 (search for similar items in EconPapers)
Date: 2010-10
New Economics Papers: this item is included in nep-his, nep-hpe and nep-pke
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Journal Article: Genesis and foundations of the multiplier: Marx, Kalecki and Keynes (2012) Downloads
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