Advertisement

Realization Problem

  • P. Kenway
Part of the The New Palgrave book series (NPA)

Abstract

The realization problem was first considered by classical economists such as Ricardo and Sismondi. Keynes’s theory of effective demand has a bearing on it too. But it was Marx who gave it its most rounded — and controversial — treatment. At its simplest, the realization problem amounts to this: is there sufficient monetary demand for the commodities which have been produced to be sold, and sold at their value?

Keywords

Realization Problem Reproduction Scheme Capitalist Production Simple Reproduction Actual Employment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Bibliography

  1. Kenway, P. 1980. Marx, Keynes and the possibility of crisis. Cambridge Journal of Economics 4(1), March, 23–36.Google Scholar
  2. Keynes, J.M. 1936. The General Theory of Employment, Interest and Money, London: Macmillan, 1973; New York: St. Martin’s Press.Google Scholar
  3. Marx, K. 1885. Capital, Vol. II. Harmondsworth: Penguin, 1978.Google Scholar
  4. Rosdolsky, R. 1968. The Making of Marx’s ‘Capital’. London: Pluto, 1977. Distributed in U.S.A. by Humanities Press.Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

Authors and Affiliations

  • P. Kenway

There are no affiliations available

Personalised recommendations