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Macroeconomic Foundations in the perspectives of Marx and Keynes: contributions to the heterodox thought

Author

Listed:
  • Pedro Garrido da Costa Lima

    (Doutor em Economia pela Universidade de Brasília – UnB.)

  • Adriana Moreira Amado

    (Professora do Departamento de Economia da Universidade de Brasília – UnB.)

  • Maria de Lourdes Rollemberg Mollo

    (Professora do Departamento de Economia da Universidade de Brasília – UnB.)

Abstract

The need to define microeconomic foundations for macroeconomic models, which is present in the mainstream thinking in contemporary economics, can be questioned on the basis of different theoretical approaches. Positions like those of Marx and Keynes permit the comprehension of the actions of economic agents (groups or classes) as influenced and limited by the social and macroeconomic environment, providing views of macroeconomic foundations of microeconomics, instead of the orthodox view of micro foundations of macroeconomics. This comprehensionsed slight on distinct perspectives in heterodox thought regarding the intervention in the macroeconomic context. JEL Classification: E11; E12; B50.

Suggested Citation

  • Pedro Garrido da Costa Lima & Adriana Moreira Amado & Maria de Lourdes Rollemberg Mollo, 2016. "Macroeconomic Foundations in the perspectives of Marx and Keynes: contributions to the heterodox thought," Brazilian Journal of Political Economy, Center of Political Economy, vol. 36(3), pages 603-621, March.
    • Handle: RePEc:ekm:repojs:v:36:y:2016:i:3:id:95188
    DOI: 10.1590/10.1590/0101-31572015v36n03a08
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    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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