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

Downloads: (external link)
http://repec.deps.unisi.it/depfid/text0710.pdf (application/pdf)

Related works:
Journal Article: Genesis and foundations of the multiplier: Marx, Kalecki and Keynes (2012)
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:usi:depfid:0710

Access Statistics for this paper

More papers in Department of Economic Policy, Finance and Development (DEPFID) University of Siena from Department of Economic Policy, Finance and Development (DEPFID), University of Siena Contact information at EDIRC.
Bibliographic data for series maintained by Carlo Zappia ().