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Cause and effect: Marx's contributions to research on finance and innovation

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  • Eduardo da Motta e Albuquerque

Abstract

Marx has a method for the evaluation of patterns of interaction between finance and innovation. Two starting points of this method are the simultaneity of cause and effect and the identification of reciprocal effects between the monetary-financial dimension and the industrial-innovative dimension. This paper investigates this method firstly defining a dynamic concept of money. The connections between the monetary-financial dimension and the industrial-innovative dimension are examined through their historical and theoretical elements. Finally, the most important connections of this complex interaction are presented. JEL Classification: B1; G2; O3.

Suggested Citation

  • Eduardo da Motta e Albuquerque, 2010. "Cause and effect: Marx's contributions to research on finance and innovation," Brazilian Journal of Political Economy, Center of Political Economy, vol. 30(3), pages 473-490.
    • Handle: RePEc:ekm:repojs:v:30:y:2010:i:3:p:473-490:id:454
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    Keywords

    finance; inovation; co‑evolution; method; Marx;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • G2 - Financial Economics - - Financial Institutions and Services
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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