000 01206pab a2200157 454500
008 180718b2000 xxu||||| |||| 00| 0 eng d
100 _aAngelis, Massimo De
245 _aSocial relations and the Keynesian multiplier
260 _c2000
300 _ap.80-103
362 _aMar
520 _aThis paper offers a reading of the simple Keynesian multiplier through Marx's lenses. The objective is to make explicit, for the Keynesian multiplier, what from a Marxian perspective should be made explicit in any discourse about the capitalist economy, namely the role of the social relations of production. Since within given historical periods social relations are expressed in institutional forms, my analysis also gives some general insights about the basic institutional requirements assumed within the general Keynesian framework, requirements without which the Keynesian multiplier could not be operational. Finally, the paper also briefly outlines some important policy implications by comparing the main tenets of a Keynesian, neoliberal, and radical agenda for employment creation. - Reproduced
650 _aKeynes, John Maynard
773 _aReview of Radical Political Economics
909 _a44493
999 _c44493
_d44493