Cause and effect: Marx's contributions to research on finance and innovation

Vol. 30 No. 3 (2010)

Jul-Sep / 2010
Published July 1, 2010
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

da Motta e Albuquerque, Eduardo. 2010. “ Cause and Effect: Marx’s Contributions to Research on Finance and Innovation”. Brazilian Journal of Political Economy 30 (3):473-90. https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/454.

Cause and effect: Marx's contributions to research on finance and innovation

Eduardo da Motta e Albuquerque
Centro de Desenvolvimento e Planejamento Regional de Minas Gerais da Universidade Federal de Minas Gerais — Cedeplar‑UFMG.
Brazilian Journal of Political Economy, Vol. 30 No. 3 (2010), Jul-Sep / 2010, Pages 473-490

Abstract

Marx has a method for the evaluation of patterns of interaction between finance and innovation. Two starting points of this method are the simultaneity of cause and effect and the identification of reciprocal effects between the monetary-financial dimension and the industrial-innovative dimension. This paper investigates this method firstly defining a dynamic concept of money. The connections between the monetary-financial dimension and the industrial-innovative dimension are examined through their historical and theoretical elements. Finally, the most important connections of this complex interaction are presented.

JEL Classification: B1; G2; O3.


Keywords: finance inovation co‑evolution method Marx