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Keynes, Schumpeter, Marx and the structural instability of capitalism

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  • Alessandro Vercelli

Abstract

[fre] L'instabilité structurelle du capitalisme, telle qu'elle est analysée par Keynes, Schumpeter et Marx, ne peut être comprise de façon satisfaisante dans les seuls termes de l'instabilité dynamique. Les concepts centraux relatifs à l'instrs proprement en termes d'instabilité structurelle. Cette approche peut nous placer dans une meilleure position pour analyser l'évolution des structures économiques. Le problème difficile mais crucial qui consiste à expliquer le changement structurel est articulé en deux sous-problèmes qui apparaissent plus faciles à traiter : i) l'explication de l'ensemble des forces qui donnent au système économique son degré particulier d'instabilité structurelle ; ii) l'explication des perturbations pertinentes qui induisent réellement un certain changement structurel bien défini. [eng] The instability of capitalism, as analysed by Keynes, Schumpeter and Marx, cannot be satisfactorily understood in terms of dynamic instability only. The crucial instability concepts worked out by these authors have to be properly modelled in terms of structural instability. This approach may put us in a better position for analyzing the evolution of economic structures. The difficult but crucial problem of explaining structural change is articulated in two subproblems which appear more tractable : i) the explanation of the set of forces giving the economic system its peculiar degree of structural instability ; ii) the explanation of the characteristics of the relevant disturbances actually inducing a certain well-defined structural change.

Suggested Citation

  • Alessandro Vercelli, 1985. "Keynes, Schumpeter, Marx and the structural instability of capitalism," Cahiers d'Économie Politique, Programme National Persée, vol. 10(1), pages 279-304.
  • Handle: RePEc:prs:caecpo:cep_0154-8344_1985_num_10_1_1013
    DOI: 10.3406/cep.1985.1013
    Note: DOI:10.3406/cep.1985.1013
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    Cited by:

    1. Marwil Jhonatan Dávila Fernádez & José Luis Oreiro, 2016. "Capital In The Twenty First Century: Reinterpretando A Contradição Fundamental Do Capitalismo," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 096, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

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