Wednesday, June 29, 2022

A short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics" — Branko Milanovic

Painted with a very broad brush, but an interesting summary. It's short and on point. 

Summary: Marx was focused on the long-term, historical nature of capitalism that gave capitalism its law-like behavior, making it predictable, while Keynes was focused on the short-term, political challenges of capitalism that he believed policy measures could overcome. However, their analysis of key issues is remarkably similar, at least in outline.

Global Inequality And More
A short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics"
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace
https://branko2f7.substack.com/p/a-short-essay-on-the-differences

See also

Lars P. Syll’s Blog
Economics as ideology
Lars P. Syll | Professor, Malmo University
https://larspsyll.wordpress.com/2022/06/29/economics-as-ideology-2/

Also

Understanding Society
Daniel Little | Chancellor of the University of Michigan-Dearborn, Professor of Philosophy at UM-Dearborn and Professor of Sociology at UM-Ann Arbor
https://understandingsociety.blogspot.com/2022/06/paradigms-conceptual-frameworks-and.html

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