This book confirms and builds on the Temporal Single-System Interpretation's demonstration of Marx's consistency. This book shows that he used his theory of value to explain capitalists' accounts, and concludes that explaining accounting justifies Marx's claim that he had "proved" his theory of...

Radical scholarship tends to scoff at managerial discourse as mere “ideology” and leave management writings to managers. We aim to turn on its head that approach and posit a correspondence between Marxism and organization and management theorizing (OMT). Management needs a theory of value,...

This paper builds homogenous series of the rate of surplus value (RSV) for the Chinese economy over the extended period 1956–2014 with a Marxian approach. It finds that the high profitability that stimulated capital accumulation in the decade before the 2008 crisis had relied on the continuous...

This paper discusses labor value and the rate of exploitation in the global economy using international input–output tables. Labor value is defined as the multiplication of the labor coefficient and Leontief inverse. Exploitation means that the amount of labor embodied in the received wage...

This paper outlines a multisector dynamic model of the convergence of market prices to natural prices in conditions of fixed technology and composition of demand. Prices and quantities adjust in real-time in response to excess supplies and differential profit-rates. Finance capitalists earn...

The interest-rate controversies between Böhm-Bawerk and Fisher have attracted little attention and, in the opinion of most commentators, justifiably so. Böhm-Bawerk and Fisher argue over what appear to be two minor issues – Böhm-Bawerk's claims that his third cause of interest (productivity...

Liberal political theorists often argue that justice requires limits on policy outcomes, limits delineated by substantive rights. Distinct from this project is a body of literature dedicated to elaborating on the meaning of democracy in procedural terms. In this article, I offer an alternative...

The National Labor Relations Act (NLRA) was drafted to be far more than a technocratic exercise. The NLRA's policies do play the role - or should play the role - of any legislative policy: providing guidance in interpreting and applying the law. However, the important social, justice, and...

This paper presents the microeconomic partial and general economic equilibrium analysis of monopoly power in terms of labour values. In the partial analysis it is shown that the monopolistic mark-ups above marginal cost do not constitute labour values but real bubbles of values which prevent the...

The classical labor theory of value generates two well-known antinomies: Ricardo's problem of an invariable measure of value and Marx's transformation problem. I show that both antinomies are generated by the same category-mistake of expecting a technical measure of labor cost to function as a...