Economics and Political Economy: Marx, Keynes, and Schumpeter Author(s): Robert L. Heilbroner Source: Journal of Economic Issues, Vol. 18, No. 3 (Sep., 1984), pp. 681-695 Published by: Association for Evolutionary Economics Stable URL: http://www.jstor.org/stable/4225467 . Accessed: 15/11/2013 23:53 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp . JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact
[email protected]. Association for Evolutionary Economics is collaborating with JSTOR to digitize, preserve and extend access to Journal of Economic Issues. http://www.jstor.org This content downloaded from 129.100.58.76 on Fri, 15 Nov 2013 23:53:07 PM All use subject to JSTOR Terms and Conditions J; JOURNAL OF ECONOMICISSUES Vol. XVIII No. 3 September1984 Economics and Political Economy: Marx, Keynes, and Schumpeter Robert L. Heilbroner The centenaryconnection of the death of Karl Marx and the birth of J. M. Keynes and JosephSchumpeter is an historicalaccident that poses an unusualchallenge. One would think the occasion would provide an excusefor exploringthe lines of influenceemanating from Marx to Keynes and to Schumpeter,and the mutual interactionof the latter two. But that, I fear, would be disappointing.Marx exerteda profoundeffect on Schumpeter,as we all know.So far as Keyneswas concerned,Marx might as well have neverlived-at least that is the conclusionto whichI come whenreflecting on Keynes'sstatement that "the futurewill have more to learn from the spirit of Gesell than from that of Marx,"' a judgmentI attributeto the fact that Keyneshad probablyread more of Silvio Gesell thanof Marx.