ABSTRACT
That the economy is demand-driven is perhaps the basic Keynesian insight. That it is a part of the social order, reflecting the class structure, underlies the Marxian approach. Moreover, since the social order develops historically, the Marxian approach implies that the economy likewise develops and changes. Further, uniting this with the Keynesian insight, suggests that development, or important aspects of it, will be demand-driven. Geoff has always emphasized the importance of both Marx and Keynes, and in his work he has tried to unite them. This paper follows in the tradition he has worked so hard to establish.
