Crisis and Say's law: perspectives of Marx and Keynes Online publication date: Sat, 19-Nov-2011
by Tiagi Camarinha Lopes
International Journal of Management Concepts and Philosophy (IJMCP), Vol. 5, No. 3, 2011
Abstract: This article presents the process of theorising the crisis by analysing the contradictions between the experiences of business and economic theory during moments of depression. It is argued that mainstream economics excludes the study of crisis up to the moment of crash, when the discrepancy between theory and reality becomes explicit. This paper argues that the development of the theory of crisis is impeded by the broad utilisation of models based on the validity of Say's law. It presents the perspectives of Marx and Keynes on this issue and emphasises their differences.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Management Concepts and Philosophy (IJMCP):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com