Marx and Keynes on Capitalism

From the Paper:

"The purpose of this research is to examine the views of Karl Marx and John Maynard Keynes, on capitalism, and to compare and contrast these views. Both the social and the economic aspects of the views of Marx and Keynes are considered. Capitalism, for the purposes of this research, is defined as a "politico.economic system, based on private property and private profit" (Baxter, 1984, p. 147).


Marx on Capitalism
On a broad scale, Marx viewed capitalism as one stage in an evolutionary process, wherein the political.economy would move from one of subsistence agriculture to an elimination of private property and the class structure (Baxter, 1984, p. 201). Marx shared his concept of an evolutionary process with the classical..."

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