by Painted with a very broad brush, but an interesting summary. It's short and on point. Summary: Marx was focused on the long-term, historical nature of capitalism that gave capitalism its law-like behavior, making it predictable, while Keynes was focused on the short-term, political challenges of capitalism that he believed policy measures could overcome. However, their analysis of key issues is remarkably similar, at least in outline.Global Inequality And MoreA short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics"Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study
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Painted with a very broad brush, but an interesting summary. It's short and on point.
Summary: Marx was focused on the long-term, historical nature of capitalism that gave capitalism its law-like behavior, making it predictable, while Keynes was focused on the short-term, political challenges of capitalism that he believed policy measures could overcome. However, their analysis of key issues is remarkably similar, at least in outline.
Global Inequality And MoreA short essay on the differences between Marx and Keynes — As stimulated by Joan Robinson's "Essay on Marxian Economics"
Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic Inequality, senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for International Peace
https://branko2f7.substack.com/p/a-short-essay-on-the-differences
Economics as ideology
Lars P. Syll | Professor, Malmo University