1st Edition

Neo-Marxism and Post-Keynesian Economics From Kalecki to Sraffa and Joan Robinson

By Ludo Cuyvers Copyright 2022
    264 Pages 1 B/W Illustrations
    by Routledge

    264 Pages 1 B/W Illustrations
    by Routledge

    Piero Sraffa and Joan Robinson, both iconic Cambridge economists, were highly influenced by the economic theory of Karl Marx, and integrated important elements of Marx’s economic system into their theories. This book argues, based on published and unpublished documents, that the work of Sraffa and Robinson can in fact be considered as essentially post-Keynesian neo-Marxist.

    The first part of the book reviews the intellectual development of several key thinkers to this neo-Marxist current in economic thought: Kalecki, Steindl, Baran and Sweezy. Part One and Part Two separately examine Robinson and Sraffa’s works and questions how they fit into this specific neo-Marxist current, either building on it (in Robinson’s case), or following another direction (in Sraffa’s case). Part Three observes Robinson’s theory of economic growth and its relationship to the views of Marx and Kalecki. Overall, Cuyvers demonstrates how their thought processes share characteristics with neo-Marxist key ideological ideas, such as stating or implying the labour theory of value as either redundant or wrong, emphasising the role of class struggle in the distribution of income and rejecting Marx’s falling rate of profits.

    Following on from ideas briefly introduced in Cuyvers’s Economic Ideas of Marx’s Capital (2017), this book will particularly appeal to readers interested in the history of economic thought, the work of Sraffa, Robinson and Marx, post-Keynesian economics and neo-Marxism.

    Part I: Post-Keynesian Neo-Marxism: The Trajectory

    1. The core of Marx’s economics and the monopolization of capitalism: An Introduction to some major issues.

    2. The Oxbridge connection: Sraffa, Kalecki, Steindl

    3. The other side of the Atlantic

    4. Piero Sraffa and Joan Robinson: Two directions of Post-Keynesian neo-Marxism.

    5. What remains of the post-Keynesian neo-Marxist economics? An unfinished integration

    Part II: Piero Sraffa’s neo-Marxist theory of value and distribution.

    6. The work and life of Piero Sraffa

    7. Let one hundred schools of thought blossom …: Some major differences with Marx

    8. How were Sraffa’s theoretical insights received by the Marxists? A timeline

    9. What to conclude? 

    Part III: Joan Robinson: Modelling capitalist economic growth with Marxist and neo-Marxist ingredients

    10. Joan Robinson’s life: A short overview.

    11. Robinson’s theory of economic growth and accumulation in a nutshell

    12. Joan Robinson’s and Marx’s model and concepts compared

    13. What is Joan Robinson’s indebtedness to Sraffa?

    14. Robinson’s model of economic growth compared with Marx and with the post-Keynesian neo-Marxism of the 1940s and 1950s.

    15. What has remained of Robinson’s post-Keynesian neo-Marxism?


    Ludo Cuyvers is Emeritus Professor at the University of Antwerp, Belgium and Extraordinary Professor at North-West University, South Africa.