The labor theory of value has been rejected by Morishima on the grounds that it would be incompatible with joint production, which would create negative labor values. This article starts by recalling the various definitions of joint production, as well as the way they relate to the real world....

This chapter aims to shed light on the hidden benefits and losses of US-China trade within the framework of unequal exchange theory. After presenting the evolutions of the trade balance between China and the United States, we propose two methods for measuring the unequal exchange between them:...

Preface -- 1.Introduction -- 2.Fundamental Structure of Capitalist Economy -- 3.Extended Reproduction in the Capitalist -- 4.Accumulation and Crisis in Capitalist System Economy -- 5.Tendency Law in Capitalistic Accumulation -- 6.A Vision Toward New Society.