Social Sciences
8 years ago

Marx's Theory Challenges Modern Economic Paradigms with Monetary Analysis.

Palgrave Macmillan UK eBooks
Monetary Analysis in Marx’s Economics
Eckhard Hein

Paper Summary

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Marx's theory of capital accumulation and growth is often seen as focusing on real analysis rather than monetary analysis. This means that money and interest rates are only considered after general trends have been identified. Marx's theory is more aligned with Classical economics than with Keynesian or Post-Keynesian theories. The main keywords in this article are Capital Accumulation, Capacity Utilization, Effective Demand, Monetary Theory, and Economic Paradigm.