The paper offers a novel interpretation and affirmation of the opening arguments of Capital, answering the fundamental but neglected question of why labour is the substance of value. Marx's arguments require that two philosophical threads, often separated in the literature on value, be woven...

By the end of 1927, Sraffa, not yet in his thirties, showed Keynes a system of three linear and homogeneous equations to determine prices in an economy without surplus. We now know that these quot;first equationsquot; were to be the starting point for his future (1960) book. Considered as such,...

Konzerne setzen zur Schaffung von Mehrwert aus der bereichsübergreifenden Kooperation ihrer Teileinheiten ein breites Repertoire unterschiedlicher Steuerungsmechanismen ein. Khaled Bagban untersucht ihre Kombinationsmöglichkeiten und Wechselwirkungen mittels Triangulation qualitativer...

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Drawing inspiration from aspects of the sensationist philosophy of the time and also the political philosophy of Jean-Jacques Rousseau, Jean-Joseph-Louis Graslin (1727-1790) - a fierce critic of Physiocracy - developed a remarkably coherent political economy based on a 'three stages' theory...