Marxian Reproduction Schema by Andrew Trigg
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Marxian Reproduction Schema
By Andrew Trigg

Marxian Reproduction Schema

Money and Aggregate Demand in a Capitalist Economy

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Format: Hardback

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Marxian Reproduction Schema by Andrew Trigg

Book 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.

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Book Details

ISBN: 9780415336697
ISBN-10: 0415336694
Format: Hardback
(216mm x 138mm x 13mm)
Pages: 144
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 9-Feb-2006
Country of Publication: United Kingdom

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Author Biography - Andrew Trigg

Open University, UK

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