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THE KEYNESIAN REVOLUTION
MARX AND KEYNES
MARXS LABOR THEORY OF VALUE
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According to Marx accumulation process actual American billion bourgeois capital accumulation capital expansion capital formation capital production capitalist capitalist nations capitalist production capitalist system cent commodities competition composition of capital consumption course crisis decline demand depression determined distribution dollar duction effective exchange exchange-value existing exploitation foreign full employment government-induced production Ibid implies income increase individual industrial interest investments J. M. Keynes Keynes Keynesian labor power labor-power labor-time laissez-faire law of value Marx's Marxian Marxism mass means of production ment mixed economy monetary nomic organic composition political possible private capital problem productivity of labor propensity to consume rate of capital rate of profit realization reserves revolution rise Russian social labor social production socialist society sphere state-capitalism state-capitalist state-capitalist system surplus-labor surplus-value theory of value tion total social trade underdeveloped countries use-value value theory wages Western workers world market