That Coase's political convictions changed from an early socialism to a later neo-liberalism stands in apparent contrast to the theoretical consistency of his early ('The Nature of the Firm') and later ('The Problem of Social Cost') contributions to economics. Offering further evidence about his...

It has been argued that workplace skills are becoming more polarised in Britain. This tendency is sometimes considered to be a factor contributing to the process of social exclusion and growing wage inequality. Skill polarisation has therefore been the focus of renewed academic and--since the...

Incorporating information deficiencies into the neoclassical paradigm has introduced some broad similarities with the Marxian analysis of the labor process. Both approaches predict the existence of a variety of contractual regimes and that workers with equal productivities can be adjudged...

Having explicitly rejected Malthus' law of population, Marx asserted in his early writings that it was competition that would keep wages fluctuating the value of labor-power, even though he did not consider the production of labor-power to be a capitalist process. This paper notes the...