Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate

DOI: https://doi.org/10.5209/ijhe.97551
Keywords: Supermultiplier, Neo-Kaleckian, History of Economic Thought

Abstract

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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Author Biography

João Gabriel de Araujo Oliveira, University of Brasília

Ph.D. candidate at the University of Brasilia. I hold master and an undergraduate degree in Economics from the State University of Londrina, with a dissertation, focused on "Income Distribution and Political Orientation". I also have presented some papers in events and congress, as well as, published scientific articles in national and international journals.
Interests: Macroeconomic Theory, Income Distribution, Growth, Political Orientation.

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Published
2024-12-20
How to Cite
de Araujo Oliveira J. G. (2024). Recent controversies on the Sraffian Supermultiplier: the International and Brazilian Debate. Iberian Journal of the History of Economic Thought, 11(2), 105-114. https://doi.org/10.5209/ijhe.97551
Issue
Vol. 11 No. 2 (2024)
Section
Artículos

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