Neo Marxism and Post Keynesian Economics From Kalecki to Sraffa and Joan Robinson 1st Edition by Ludo Cuyvers ISBN 9781032254807 1032254807

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ISBN 10: 1032254807
ISBN 13: 9781032254807
Author: Ludo Cuyvers

Neo Marxism and Post Keynesian Economics From Kalecki to Sraffa and Joan Robinson 1st Edition Table of contents:

Part 1 Post-Keynesian neo-Marxism: the trajectory

1 The core of Marx’s economics and the monopolisation of capitalism: an introduction to some major issues

2 The Oxbridge connection: Sraffa, Kalecki, Steindl

2.1 Piero Sraffa’s notes and publications

2.2 The Kalecki–Steindl nexus: some biographical data that are relevant to our story

2.3 Capitalist long-run economic development: the views of Kalecki and Steindl in a nutshell

3 The other side of the Atlantic

3.1 Influence of Kalecki’s neo-Marxism on Baran and Sweezy: evidence from the Baran−Sweezy correspondence

3.2 Baran and Sweezy’s Monopoly Capital

4 Piero Sraffa and Joan Robinson: two directions of post-Keynesian neo-Marxism

4.1 Sraffa’s way: picking up the thread where it was left by Ricardo and Marx

4.2 The Robinson direction: building on Keynes, Marx, and Kalecki

5 What remains of post-Keynesian neo-Marxist economics? An unfinished integration

Part 2 Piero Sraffa’s neo-Marxist theory of value and distribution

6 The work and life of Piero Sraffa

6.1 Sraffa’s life and work: a short overview

6.2 Sraffa as a Marxist

6.3 Sraffa’s circular flow model and some relevant results

6.3.1 Sraffa’s price equations

6.3.2 The standard system

6.3.3 Joint production

6.3.4 Switching and re-switching of production techniques

6.3.5 Basic and non-basic commodities

6.4 Long road towards Production of Commodities by Means of Commodities

7 Let one hundred schools of thought blossom …: some major differences compared with Marx

7.1 Embodied labour as the substance of value

7.2 Sraffa’s wage rate and Marx’s social necessary consumption

7.3 The rate of profits as derived from the system of physical input–output flows

7.4 The role of “luxuries” and “non-basics”

7.5 Taking a “snapshot” or investigating the economy in normal reproduction?

7.6 Joint production

7.7 Marx’s falling rate of profits and the organic composition of capital

Appendix 1: Sraffa’s “non-basics” and Marx’s average rate of profits

Appendix 2: The inequalities approach of the labour theory of value with normal reproduction

8 How were Sraffa’s theoretical insights received by the Marxists? A timeline

8.1 The first reactions

8.2 The early 1970s: intensifying discussions among Marxists

8.3 The late 1970s: cold war, guerilla warfare, and attempts at “peaceful coexistence” between Marxists and Sraffians

8.4 The 1980s and after: digesting and revising the labour theory of value

9 What to conclude?

Part 3 Joan Robinson: Modelling capitalist economic growth with Marxist and neo-Marxist ingredients

10 Joan Robinson’s life: a short overview

11 Robinson’s theory of economic growth and accumulation in a nutshell

11.1 Profits realisation mechanism

11.2 Capitalists’ “animal spirits” and their interaction with the realisation mechanism

11.3 Factors constraining the maximum attainable rate of growth

11.4 Technical progress, equilibrium

11.5 Logical time versus historical time – history versus equilibrium

11.6 Monopolisation, underconsumption, stagnation

12 Joan Robinson’s and Marx’s model and concepts compared

12.1 Robinson’s “basic model” and Marx

12.2 Robinson’s production model and the Marx–Sraffa model

12.2.1 Labour as the sole unproduced factor of production

12.2.2 Homogeneous labour

12.2.3 Constant production coefficients

12.2.4 Closed economy

12.2.5 Reproduction schemes

12.3 Robinson’s normal prices and Marx’s prices of production

12.4 Robinson’s views on the labour theory of value

12.5 Real and nominal wage rates: “inflation barrier”

12.6 Robinson’s definitions of “surplus”

13 What is Joan Robinson’s indebtedness to Sraffa?

13.1 Sraffa’s 1926 Economic Journal article and his 1928–1929 lectures

13.2 Measurement of capital

13.3 An Essay on Marxian Economics

13.4 Sraffa’s introduction to Ricardo’s Principles

13.5 Sraffa’s Production of Commodities by Means of Commodities

14 Robinson’s model of economic growth compared with Marx and the post-Keynesian neo-Marxists of the 1940s and 1950s

14.1 Rate of accumulation and Robinson’s “animal spirits”

14.2 Rate of accumulation as a function of the expected rate of profits

14.3 Secular behaviour of the rate of profits

14.4 Technical progress

14.5 Conditions of steady economic growth

14.6 Monopoly capitalism, underconsumption, and stagnation

14.7 Underconsumption and stagnation: counteracting factors

15 What has remained of Robinson’s post-Keynesian neo-Marxism?

Index

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