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Marx, Keynes, Kalecki and Kaldor on the Rate of Interest as a Monetary Phenomenon

In: Nicholas Kaldor and Mainstream Economics

Author

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  • B. J. Moore

Abstract

In the investigation of how the social surplus was distributed, Adam Smith, David Ricardo, J. S. Mill and Karl Marx all viewed the rate of interest as some proportion of the rate of profits. Their analysis attempted to describe the factors which determined this proportion, and which prevented the rate of profit from falling to the rate of interest.

Suggested Citation

  • B. J. Moore, 1991. "Marx, Keynes, Kalecki and Kaldor on the Rate of Interest as a Monetary Phenomenon," Palgrave Macmillan Books, in: Edward J. Nell & Willi Semmler (ed.), Nicholas Kaldor and Mainstream Economics, chapter 13, pages 225-242, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10947-0_13
    DOI: 10.1007/978-1-349-10947-0_13
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    Cited by:

    1. Louis-Philippe Rochon, 2001. "Cambridge's Contribution to Endogenous Money: Robinson and Kahn on credit and money," Review of Political Economy, Taylor & Francis Journals, vol. 13(3), pages 287-307.
    2. John Edward King, 2016. "Nicholas Kaldor after thirty years," PSL Quarterly Review, Economia civile, vol. 69(277), pages 107-277.

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