ABSTRACT
In Chapter 1, we discussed the reproduction of the economic system and how the reproduction schemes allowed Marx to analyse the process of reproduction. Yet we are faced with the reality that no economic system in the past was able to achieve long-term economic growth performance comparable to that of the last 200 years under capitalism. There is obviously a need for a theory on the factors that explain economic growth and its long-term dynamics. Starting with the insights emerging from Chapter 1, we will analyse this in the light of post-Keynesian and neo-Marxist theories of growth, and we will use the linear production model of the previous chapters to “translate” the concepts.
