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A Economia Monetária e a Fórmula Geral do Capital: preliminar da fissão Marx-Keynes [The Monetary Economy and the General Formula of Capital: preliminary of the Marx-Keynes fission]

Author

Listed:
  • Everton Sotto Tibiriçá Rosa

    (UFG)

  • Tiago Camarinha Lopes

    (UFG)

Abstract

This paper presents the theory of investment decision under conditions of uncertainty developed by the post-Keynesian school and develops a specific interpretation for the theory of liquidity preference. It is argued that the movement to more liquid assets corresponds to the tendency of capital to achieve valorization without undergoing the process of production. As a result, the concept of uncertainty as the explanation for liquidity preference and for the interest rate can be related to the general formula of capital as presented by Marx.

Suggested Citation

  • Everton Sotto Tibiriçá Rosa & Tiago Camarinha Lopes, 2015. "A Economia Monetária e a Fórmula Geral do Capital: preliminar da fissão Marx-Keynes [The Monetary Economy and the General Formula of Capital: preliminary of the Marx-Keynes fission]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 25(3), pages 501-516, September.
    • Handle: RePEc:nov:artigo:v:25:y:2015:i:3:p:501-516
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    More about this item

    Keywords

    investment decision; uncertainty; postKeynesianism; Keynes; Marx;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory

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