Sardoni, Claudio.

Unemployment, recession and effective demand: the contributions of Marx, Keynes and Kalecki/ Claudio Sardoni. - Cheltenham, UK ; Northampton, MA : Edward Elgar, c2011. - x, 174 p. : ill. ; 24 cm.

Rev. ed. of: Marx and Keynes on economic recession. New York University Press, 1987.

Includes bibliographical references (p. [158]-168) and index.

Foreword by G.C. Harcourt Preface --- 1. Introduction -- 2. The Marxian Notion of a Monetary Economy and the Critique of Say's Law -- 3. General Overproduction Crises -- 4. Keynes's Critique of Say's Law -- 5. Keynesian Underemployment Equilibria -- 6. A Critique of Keynes's Microfoundations -- 7. Kaleckian Macroeconomics: An Outline -- 8. The Problem of Market Forms in Modern Macroeconomics -- 9. Concluding Remarks -- A. A Formalization of Marx's Schemes of Reproduction -- B. Effects of Wage Changes in Keynes's Model -- C. Price Determination and Income Distribution in Kalecki Bibliography Index

9781848449695 (hbk) 1848449690 (hbk)


Business cycles.
Recessions.
Demand (Economic theory)
Keynesian economics.
Marxian economics.

331.137 / SAR/U