The aim of this paper is to show that Marx supports his theory of surplus value by developing a counterfactual argument, that is, by comparing the 'normal' state of a capitalist economy against a hypothetical state in which no surplus is produced. Marx then divides his analysis of value into...

<title>Abstract</title> This note proposes a short reconstruction of Ferrara's theory of exchange and income distribution as exposed in his <italic>La teoria delle mercedi</italic>, with the aim of putting the different models developed on the basis of Ferrara's interesting example, recently published in the <italic>European Journal...</italic>

<em>Marx in the matrix, ovvero Marx tra il "circuito monetario" e Sraffa. Un commento a Passarella</em> - This paper shows that it is possible to develop Marx’s categories of new value and surplus value in a consistent model of competitive prices such as Sraffa’s model. In particular, Marx’s theory...