Richard D. Wolff

This important topic may not interest larger audiences, so let me say a few words here. Hyman Minsky is a special case in large part because he took Marxian economics quite seriously and made a variety of efforts to link, integrate Keynsian and Marxian theories and arguments (something parallel to what Marxist economists like Paul M. Sweezy and Paul Baran also did from their side). Post-Keynesian economics (a range of perspectives with a corresponding range of attitudes toward Marxian economics) has been mostly exclusively concerned with how capitalist economies work often with how to make them work better in some ways. Marxian economists have been more concerned, from Marx himself, with moving on to a different system organized in basically different ways from the micro-level (as in the internal organization of enterprises) on up through the macro-level (as in non-market distribution systems and non-private ownership of means of production). The kind of Marxian economics that makes most sense to me is one that focuses on the micro-transformation chiefly because of its relative neglect within the Marxian tradition but does also take into account the macro-changes that Marxist' critiques of capitalism focused on in its first 150 years.