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. Accordingly, every single individual solution that seeks to defend Marx's theory must be supported in an organized framework …
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In his macro-monetary interpretation of Marx's theory of value, Fred Moseley claims that Marx's prices of production …
Persistent link: https://www.econbiz.de/10014434051
Controversy has prevailed since the problem of "transforming" values into prices first emerged in the late 19th century. Progress has, regrettably, been hampered by attempts to "vindicate" Marx's work exactly, rather than treating him as a pioneer upon whom his successors must build, using the...
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This article argues that to make progress in the theory of value and price we must incorporate in the debate of the …
Persistent link: https://www.econbiz.de/10014434089
the labor theory of value do that other theories cannot do? In other words, what important phenomena of capitalist … economies can Marx's theory based on the labor theory of value explain that other theories, especially Sraffian theory, cannot … answer to this important question of what does the labor theory of value do. …
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represents a misreading or misinterpretation of Marx's labor theory of value. Although the digital capitalist mode of production …
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As of now, there has been a relatively insufficient amount of scholarship tying Marxist theory to Modern Monetary … Theory (MMT). This article argues that Marxists should take a closer look at the economic theory. MMT is a normative theory … and could be used to promote any worldview or theory. Marxists should use it to argue for and, if implemented, manage non …
Persistent link: https://www.econbiz.de/10014434105
The study on how Marx created the theory of social capital reproduction shows that this theory ranks among his original … contributions to economics. In this theory, Marx's analysis of Department II and the exchange relation reveals the conditions that … Marx's department decomposition principle, so as to cast light on the correctness of his theory of social capital …
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