Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate
The present work provides a detailed investigation of how the Sraffian Supermultiplier (hereafter SSM) was developed, and the critiques around the theme. The theory initially presented by Serrano in 1995 and linked to the neo-Kaleckian approach by Lavoie (2015), was essentially based on the works o...
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| Format: | Article |
| Language: | Spanish |
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Universidad Complutense de Madrid
2024-12-01
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| Series: | Iberian Journal of the History of Economic Thought |
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| Online Access: | https://revistas.ucm.es/index.php/IJHE/article/view/97551 |
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| author | João Gabriel de Araujo Oliveira |
| author_facet | João Gabriel de Araujo Oliveira |
| author_sort | João Gabriel de Araujo Oliveira |
| collection | DOAJ |
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The present work provides a detailed investigation of how the Sraffian Supermultiplier (hereafter SSM) was developed, and the critiques around the theme. The theory initially presented by Serrano in 1995 and linked to the neo-Kaleckian approach by Lavoie (2015), was essentially based on the works of Sraffa and Garegnani. According to the last mentioned paper, the model is supported by autonomous consumption delivered from the rentiers side, which drives capacity utilization to its normal level. Therefore, authors such as Skott, Oreiro, and others, pointed out that this assumption does not fit the literature. In this vein, our investigation works on the historical development of the theory showing the evolution of the Supermultiplier in an international and Brazilian debate.
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| format | Article |
| id | doaj-art-ab1ca2b7f25d453983fbf80373370402 |
| institution | OA Journals |
| issn | 2386-5768 |
| language | Spanish |
| publishDate | 2024-12-01 |
| publisher | Universidad Complutense de Madrid |
| record_format | Article |
| series | Iberian Journal of the History of Economic Thought |
| spelling | doaj-art-ab1ca2b7f25d453983fbf803733704022025-08-20T01:57:08ZspaUniversidad Complutense de MadridIberian Journal of the History of Economic Thought2386-57682024-12-0111210.5209/ijhe.97551Recent controversies on the Sraffian Supermultiplier: the International and Brazilian DebateJoão Gabriel de Araujo Oliveira The present work provides a detailed investigation of how the Sraffian Supermultiplier (hereafter SSM) was developed, and the critiques around the theme. The theory initially presented by Serrano in 1995 and linked to the neo-Kaleckian approach by Lavoie (2015), was essentially based on the works of Sraffa and Garegnani. According to the last mentioned paper, the model is supported by autonomous consumption delivered from the rentiers side, which drives capacity utilization to its normal level. Therefore, authors such as Skott, Oreiro, and others, pointed out that this assumption does not fit the literature. In this vein, our investigation works on the historical development of the theory showing the evolution of the Supermultiplier in an international and Brazilian debate. https://revistas.ucm.es/index.php/IJHE/article/view/97551SupermultiplierNeo-KaleckianHistory of Economic Thought |
| spellingShingle | João Gabriel de Araujo Oliveira Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate Iberian Journal of the History of Economic Thought Supermultiplier Neo-Kaleckian History of Economic Thought |
| title | Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate |
| title_full | Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate |
| title_fullStr | Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate |
| title_full_unstemmed | Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate |
| title_short | Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate |
| title_sort | recent controversies on the sraffian supermultiplier the international and brazilian debate |
| topic | Supermultiplier Neo-Kaleckian History of Economic Thought |
| url | https://revistas.ucm.es/index.php/IJHE/article/view/97551 |
| work_keys_str_mv | AT joaogabrieldearaujooliveira recentcontroversiesonthesraffiansupermultipliertheinternationalandbraziliandebate |