This essay explores the ralationships between income distribution, capital accumulation and technological change in the long-run. It is shown that a falling rate of profit is not a necessity for the capitalist mode of production.

Using data from the Symmetric Input-Output Table of the Greek economy for the year 2010, this paper estimates the corresponding Sraffian autonomous demand-transfer payments curve. The findings reveal certain technical-effective demand-social features of the Greek economy and provide a context...

This paper deals with key open issues involved in Book V of the Nicomachean Ethics and related to the theory of exchange values. On the basis of the Modern Classical theory of value-income distribution and the concept of ‘social abstract labour’, the paper argues that: (i) the Aristotelian...

Using input-output data from the World Input-Output Database (172 Symmetric Input-Output Tables of 43 countries, spanning the period 2000-2014), this paper estimates the degree and rank of Kalman controllability of the relevant Sraffian price systems. The findings suggest that: (i) the degree of...

A plethora of performance – effectiveness – efficiency measurement methods have been developed and implemented to public organizations since the mid-nineteenth century. However, the ’60s have been considered a milestone for the measurement methods embraced by the public sector, initially...

This paper argues that Marx’s theory of economic crises constitutes a system of three discrete ‘sub-theories’ on: (i) distributive growth cycles; (ii) effective demand; and (iii) the tendency of the average profit rate to fall. The paper explores the relationships between these sub-theories...