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...

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...

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...

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...

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...