Recent controversies on the Sraffian supermultiplier: the international and Brazilian debate
The present work provides a detailed investigation of how the Sraffian Supermultiplier (hereafter SSM) was developed, and the critiques around the theme. The theory initially presented by Serrano in 1995 and linked to the neo-Kaleckian approach by Lavoie (2015), was essentially based on the works of...
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2024 |
| País: | España |
| Institución: | Universidad Complutense de Madrid (UCM) |
| Repositorio: | Docta Complutense |
| Idioma: | inglés |
| OAI Identifier: | oai:docta.ucm.es:20.500.14352/114172 |
| Acceso en línea: | https://hdl.handle.net/20.500.14352/114172 |
| Access Level: | acceso abierto |
| Palabra clave: | B10 B24 Supermultiplier Neo-Kaleckian History of Economic Thought Supermultiplicador Neo-Kaleckiano História do Pensamento Econômico neokaleckiano Historia del pensamiento económico Historia económica Teorías políticas 5308.03 Historia Ebb del Pensamiento Económico |
| Sumario: | The present work provides a detailed investigation of how the Sraffian Supermultiplier (hereafter SSM) was developed, and the critiques around the theme. The theory initially presented by Serrano in 1995 and linked to the neo-Kaleckian approach by Lavoie (2015), was essentially based on the works of Sraffa and Garegnani. According to the last mentioned paper, the model is supported by autonomous consumption delivered from the rentiers side, which drives capacity utilization to its normal level. Therefore, some schools such as neo-Harrodians (like Skott), neo-Kaldorians (like Oreiro), and others, pointed out that this assumption does not fit the literature. In this vein, our investigation works on the historical development of the theory showing the evolution of the Supermultiplier in an international and Brazilian debate |
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