Re: Marx’s critique of neo classical economics
On Apr 1, 2007, at 11:05 PM, bhandari@berkeley.edu wrote:
The production of commodities is not governed by demand; rather demand is a function of accumulation undertaken in the pursuit of ever
greater quantities of surplus value.
That’s consistent with Keynes’s idea of effective demand, no? I.e.,
capitalists make demand effective through their spending on
investment and wages.
Doug