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Polish Marxian Political Economy and U.S. Monopoly Capital Theory: The Influence of Luxemburg, Kalecki, and Lange on Baran and Sweezy and Monthly Review

From the viewpoint of orthodox economists, macroeconomics has no significant historical antecedents prior to the publication of Keynes’s General Theory of Employment, Interest, and Money in 1936. Theories of aggregate demand before Keynes, such as those associated with Lauderdale, Malthus, and Hobson, were generally weak theoretically. A number of important mainstream economic thinkers raised what […]

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