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The road they share: the social conflict element in Marx, Keynes and Kalecki

Author

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  • Pablo Gabriel Bortz

    (National University of San Martín, Argentina)

Abstract

This paper sets out to find commonalities and divergences in the writings of Marx, Kalecki and Keynes regarding their analysis of social (class) conflict in capitalist societies. We find evidence that shows that, contrary to a harmonious view of society, Keynes had a class stratification of society and an understanding of conflictive interests and developments compatible with that of Marx and Kalecki. The presence of political motivations as fuel for economic instability is another shared element between Kalecki and Keynes. Differences arise regarding the relative importance of the inter- and intra-class dynamic as a driver of distributive conflict, and the State's capabilities to guide or control those conflicts and their consequences.

Suggested Citation

  • Pablo Gabriel Bortz, 2017. "The road they share: the social conflict element in Marx, Keynes and Kalecki," Review of Keynesian Economics, Edward Elgar Publishing, vol. 5(4), pages 563–575-5, October.
    • Handle: RePEc:elg:rokejn:v:5:y:2017:i:4:p563-575
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    Citations

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    Cited by:

    1. Pablo G Bortz, 2023. "Keynes’s theories of the business cycle: evolution and contemporary relevance," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 47(4), pages 835-852.
    2. Frank Veneroso & Mark Pasquali, 2021. "The Souk Al-Manakh: The Anatomy of a Pure Price-Chasing Bubble," Economics Working Paper Archive wp_987, Levy Economics Institute.

    More about this item

    Keywords

    Keynes; Kalecki; Marx; social conflict; fiscal policy; interest rate;
    All these keywords.

    JEL classification:

    • B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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