Central to this book is a discussion of the notion of freedom in Marx and Engel's work. The book argues that the libertarian foundations of political economy were present in Marx's and Engel's work and utilizes contemporary theories of freedom to reinterpret and analyse their original work.

A deconstruction of the Marxian theories of value and exploitation is attempted by arguing, first, that the labour theory of value is logically and methodologically inconsistent as a basis for a theory of capitalist exploitation and, second, that it is founded on an ontology of the social being...

A hysteresis equation is proposed in which changes in inflation depend on the rate of change of employment. To justify this equation it is assumed that wage claims are fixed by insiders, that the workers' bargaining strength is inversely related to the fear of losing their Jobs, and that the...

Freedom of choice in consumption activity can be represented by opportunity sets that are bounded by both budget and time constraints. I argue that, in a society in which income is distributed more unequally than leisure time, a government aiming at leaving freedom distribution unaltered should...

This paper presents a model and some empirical findings on the wage-conflict curve. The theory is based on the view that two kinds of information asymmetries affect the process of wage fixing: firms have to cope with a moral hazard behavior in the supply of work effort, whilst workers have to...

In this note, I present a criticism of Guglielmo Carchedi's synthesis of the Temporal Single System (TSS) approach to value theory. My main criticisms are as follows. First, Carchedi adopts an essentialist, and indeed rather mystical, interpretation of Marx's value theory; second, his notion of...

A formula for measuring freedom of choice in the production sphere is proposed. Then a capitalist firm and a worker self-managed firm are compared in terms of freedom distribution. It is shown that the workers have little freedom, if any at all, in a capitalist firm, whilst the capitalist enjoys...

Pluralism in Economics sheds new light on the various meanings and consequences of pluralist approaches to the history and methodology of economics. The first part focuses on philosophical and methodological issues. The second part contains six case studies which discuss diverse issues but adopt...