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Keynes, Hobson, Marx

Keywords: economic crisis , uncertainty , institutional economics , under-consumption

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Abstract:

The work compares the relative strenghts, in understanding the current crisis, of the Keynesian tradition with those of two non-Keynesian traditions: those which emphasise income inequality and those which emphasise power. In other words, Hobson and Marx. Text of a speech given at the Post-Keynesian conference ‘Reclaiming the Keynesian Revolution’ in Kansas City.

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