Heterodox
It seems this diagram always provokes more criticisms. The last complaint is that there needs to be a line from Marxism (I assume via Michał Kalecki) to Post Keynesianism.So now we have this third version, which needs to be opened in a separate window: However, the link to Marxism should not be exaggerated. It is important to remember that Michał Kalecki rejected the labour theory of value (LTV), and we know this from the Polish Marxist economist Włodzimierz Brus, who knew Kalecki personally...
Read More »A Third Revised Diagram of Economic Schools
