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Karl Marx and Say's Law

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  • Bernice Shoul

Abstract

I. Introduction, 611. — II. The four meanings of Say's Law, 614. — III. Marx on Say's Law as the circular flow, 616. — IV. The equality of aggregate demand and supply and the "money veil"; Marx's answer to Say's Law, 618. — V. Marx's view of partial overproduction and the general glut, 623. — VI. Accumulation of capital and economic development; Marx's alternative to Say's Law and the classical system, 625.

Suggested Citation

  • Bernice Shoul, 1957. "Karl Marx and Say's Law," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 71(4), pages 611-629.
    • Handle: RePEc:oup:qjecon:v:71:y:1957:i:4:p:611-629.
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    Cited by:

    1. Heise, Arne, 2018. "Postkeynesianismus: Ein heterodoxer Ansatz auf der Suche nach einer Fundierung," ZÖSS-Discussion Papers 69, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    2. Eckhard Hein, 2006. "Money, interest and capital accumulationin Karl Marx's economics: a monetary interpretation and some similaritiesto post-Keynesian approaches," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(1), pages 113-140.
    3. Eckhard Hein, 2005. "Money, Interest, and Capital Accumulation in Karl Marx’s," Method and Hist of Econ Thought 0501002, University Library of Munich, Germany.
    4. Daniele Besomi, 2006. "'Marxism Gone Mad': Tugan-Baranovsky on crises, their possibility and their periodicity," Review of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 147-171.
    5. Rotta, Tomas, 2020. "Effective Demand and Prices of Production: An Evolutionary Approach," MPRA Paper 97910, University Library of Munich, Germany.

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