[Marxism] re Sweezy

[Michael Perelman]

Keynes began the General Theory inspired by Marx -- indirectly:

Keynes, John Maynard. 1933. "The Distinction Between a Co-Operative Economy 
and an Entrepreneur Economy." in Donald Moggridge, ed., The Collected 
Writings of John Maynard Keynes (London: Macmillan): xxix, pp. 76-87,
 
81: The distinction between a co-operative economy and an entrepreneur 
economy bears some relation to a pregnant observation made by Karl Marx,- 
though the subsequent use to which he put this observation was highly 
illogical.  He pointed out that the nature of production in the actual 
world is not, as economists seem to suppose, a case of C-M-C', i.e. of 
exchanging commodity (or) effort for money in order to obtain another 
commodity (or effort).  That may be the standpoint of the private consumer. 
But it is not the attitude of <business>, which is a case of M-C-M'... [but 
he cites not Marx but H. L. McCracken, Value Theory and Business Cycles.




-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com