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.

In spite of its substantial results in understanding modern capitalism and the fact that, until the 1970s, Keynesian theory inspired the economic policy of most countries, the classical/post-Keynesian paradigm failed to become dominant on the theoretical scene. Why? Pasinetti’s book...

Reviewing a recent collection of readings on the controversy between post-Keynesians and neoclassicals on the foundations of political economy, this essay attempts to assess the debate and comments on the controversial question of reswitching.

The purpose of this article is to ascertain empirically whether the "law" of the tendential fall of the rate of profit, considered as an element of long wave theory, can explain the present economic stagnation in German industry. The results are negative for the explanatory power of the "law":...

Starting from a conceptualization of structural change as an uneven phenomenon punctuated by technological revolutions that give rise to long-term movements of real and monetary variables, i.e. long waves, this paper puts forth an explanation of radical technical change. Then, drawing upon...

Le but du présent travail est de contribuer à la compréhension de la crise « structurelle » des années soixante-dix en France par une analyse du taux de profit, l’un des éléments fondamentaux qui déterminent les cycles longs. Étant donné que, la version marxiste de cette théorie,...

This paper comments on a recent paper by Ernesto Screpanti (2003), in this journal, on Marxian theories of value and exploitation. The paper argues, in opposition to Screpanti, that the labour theory of value is the most suitable foundation for a realistic and historically determined vision of...