
Marxian Reproduction Schema
Money and Aggregate Demand in a Capitalist Economy
Andrew Trigg(Author)
Routledge (Publisher)
1st Edition
Published on 9. February 2006
Book
Hardback
144 pages
978-0-415-33669-7 (ISBN)
Description
In 1878 Karl Marx developed the reproduction schema: his model of how total capital is produced and reproduced. This is thought to be the first two-sector economic model ever constructed. Two key aspects of Marx's writings are widely agreed to be undeveloped: The role of aggregate demand and the role of money. This book synthesizes various strands of economic thought to enable the reader to understand and clarify the structure of the reproduction schema. This synthesis will challenge prevailing orthodoxies.
This book constructs a macro monetary model which draws on a wide range of economic theories, within both the Marxian economic tradition, and the tradition of Keynes, Kalecki, Domar, Sraffa and Leontief. Marxian economics has been dominated by supply-side thinking, including general equilibrium theory and pronouncements about the shortage of surplus value, whilst Post Keynesians have failed to take seriously the importance of reproduction and the multisectoral structure of capitalism. By locating aggregate demand and the circuit of money in the reproduction schema, this key book provides an analytical contribution to both Marxian and Post Keynesian economics.
This book constructs a macro monetary model which draws on a wide range of economic theories, within both the Marxian economic tradition, and the tradition of Keynes, Kalecki, Domar, Sraffa and Leontief. Marxian economics has been dominated by supply-side thinking, including general equilibrium theory and pronouncements about the shortage of surplus value, whilst Post Keynesians have failed to take seriously the importance of reproduction and the multisectoral structure of capitalism. By locating aggregate demand and the circuit of money in the reproduction schema, this key book provides an analytical contribution to both Marxian and Post Keynesian economics.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Professional and scholarly
Postgraduate and Professional
Illustrations
23 s/w Tabellen, 2 s/w Zeichnungen
23 Tables, black and white; 2 Line drawings, black and white
Dimensions
Height: 222 mm
Width: 145 mm
Thickness: 12 mm
Weight
324 gr
ISBN-13
978-0-415-33669-7 (9780415336697)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Additional editions

Book
12/2009
1st Edition
Routledge
€70.40
Shipment within 15-20 days

E-Book
04/2006
Routledge
€64.49
Available for download

E-Book
04/2006
Routledge
€64.49
Available for download
Person
Open University, UK
Content
1. Introduction 2. The Multiplier 3. The Kalecki Principle 4. The Monetary Circuit 5. Money, Growth and Crisis 6. Beyond Underconsumption 7. The Falling Rate of Profit 8. The Transformation Problem