In this paper, I extend Fred Moseley’s algebraic summary of the macro-monetary interpretation (MMI) of Marxian theory to explicitly incorporate the equality between the input and output prices, and examine some of the mathematical properties of the input-output model of the MMI that emerges...

This article privileges a financial sector explanation for the persistent German trade surpluses of the past 15 years. More specifically, it explains the disruptive consequences of a long-running stagnation in domestic investment in the face of rising German savings, particularly at corporate...

Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public sector and international trade it is shown that the labour theory of value provides a sound foundation to reveal the factors influencing employment. Workers buy "necessaries" out...

This article demonstrates relationships that are transparent in Sraffa's standard system hold even when relative rates of profit vary persistently among industries. Even with such variations, total constant capital, total variable capital, total surplus value, and the rate of profits are...

National competitiveness, macro-competitiveness, and competitiveness of states; those seemingly simple and common terms, are actually highly controversial. The interpretation of historical backgrounds and basic postulates which have been the foundations of methods for the measurement of...