Re: [Pen-l] Post-Keynesianism at MR?

["Jim Devine" <jdevine03@xxxxxxxxx>]

interestingly, back in the 1970s, when a survey article (by Eichner &
Kregel) about PK economics appeared the JOURNAL OF ECONOMIC
LITERATURE, one of the bibliography entries was for Baran & Sweezy's
MONOPOLY CAPITAL. However, as far as I can tell, the article never
actually cited the book.

On Wed, Feb 27, 2008 at 8:35 PM, Forstater, Mathew <ForstaterM@xxxxxxxx> wrote:
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> Monopoly Capital brand neo-Marxism has always drawn on Keynes, Kalecki, and
> Schumpeter.  (Sweezy was Schumpeter's graduate assistant at Harvard, by the
> way.)  Since Minsky drew on Keynes, Kalecki, Schumpeter, and Marx, it is no
> surprise that he fits in there as well. Some Classical Marxist critics of
> the Monopoly Capital school, such as Shaikh, have long argued that Sweezy et
> al didn't think Marx had a theory of effective demand and so looked to
> Keynes and Kalecki for one.  That said, I believe they were always critical
> of conventional Keynesian economics and policy, and view of the State. MF
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>  ________________________________
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>
> From: pen-l-bounces@xxxxxxxxxxxxxxxxxx
> [mailto:pen-l-bounces@xxxxxxxxxxxxxxxxxx] On Behalf Of Gernot Koehler
>  Sent: Wednesday, February 27, 2008 4:22 PM
>  To: pen-l@xxxxxxxxxxxxxxxxxx
>  Subject: [Pen-l] Post-Keynesianism at MR?
>
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> I read John Bellamy Foster's article "Monopoly-Finance Capital" (Monthly
> Review 2006), which is of interest in the context of current debates. What
> struck me is the importance in Foster's discussion of such authors as
> Keynes, Schumpeter, Kalecki, and Minsky; and there is a Sweezy quote like
> "conceptualization of the capital accumulation process is one-sided and
> incomplete" and a Foster statement like "Both production and finance under
> capitalism are at one and the same time both real and monetary in nature."
>  GK
>  ________________________________
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-- 
Jim Devine / "Eagles may soar, but weasels don't  get sucked into jet
engines." -- John Benfield
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