Macroeconomic Foundations in the perspectives of Marx and Keynes: contributions to the heterodox thought

Vol. 36 No. 3 (2016)

Jul-Sep / 2016
Published March 1, 2020
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Garrido da Costa Lima, Pedro, Adriana Moreira Amado, and Maria de Lourdes Rollemberg Mollo. 2016. “Macroeconomic Foundations in the Perspectives of Marx and Keynes: Contributions to the Heterodox Thought”. Brazilian Journal of Political Economy 36 (3):603-21. https://doi.org/10.1590/10.1590/0101-31572015v36n03a08.

Macroeconomic Foundations in the perspectives of Marx and Keynes: contributions to the heterodox thought

Pedro Garrido da Costa Lima
Doutor em Economia pela Universidade de Brasília – UnB.
Adriana Moreira Amado
Professora do Departamento de Economia da Universidade de Brasília – UnB.
Maria de Lourdes Rollemberg Mollo
Professora do Departamento de Economia da Universidade de Brasília – UnB.
Brazilian Journal of Political Economy, Vol. 36 No. 3 (2016), Jul-Sep / 2016, Pages 603-621

Abstract

The need to define microeconomic foundations for macroeconomic models, which is present in the mainstream thinking in contemporary economics, can be questioned on the basis of different theoretical approaches. Positions like those of Marx and Keynes permit the comprehension of the actions of economic agents (groups or classes) as influenced and limited by the social and macroeconomic environment, providing views of macroeconomic foundations of microeconomics, instead of the orthodox view of micro foundations of macroeconomics. This comprehensionsed slight on distinct perspectives in heterodox thought regarding the intervention in the macroeconomic context.

JEL Classification: E11; E12; B50.


Keywords: Marx Keynes macrofoundations heterodoxy