Showing 1 - 10 of 624
The main idea of liberalism – the inviolability of “inalienable human rights” – is considered in a historical context, not as an eternal principle, but as a changing moral and legal norm. It is argued that the economic success of the West during the transition to capitalism is associated...
Persistent link: https://www.econbiz.de/10015213263
This paper examines a looming possible crisis in many Americans’ retirement plans due to the proliferation of annuity products in their retirement investment portfolios. As defined benefit pension plans have almost completely disappeared as a means of retirement savings and have been replaced...
Persistent link: https://www.econbiz.de/10015213267
Over the last 10 years or so there has been a resurgence of interest in the English king Richard III, especially after his remains are found in 2012 after being lost or missing for centuries. Prior to this, there are many publications, reports, and documentaries alluding to a “smear”...
Persistent link: https://www.econbiz.de/10015213290
This article presents a ‘sequential and non-dualist’ interpretation of Marx’s value theory. This terminology has since … accordance with Marx’s two equalities, and the rate of profit falls in accordance with his formulation of the law of the tendency … of the rate of profit to fall. …
Persistent link: https://www.econbiz.de/10015213362
In the early part of this century a debate erupted among Russian and German economists. It was started by Rosa Luxemburg’s Accumulation of Capital, which asked the question: how can capitalism reproduce itself? It was continued by many, including Nikolai Bukharin, whose reply, seven years...
Persistent link: https://www.econbiz.de/10015213399
The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of … to the ratio of marginal labour values. This article presents the marginal approach to the labour theory of value. …
Persistent link: https://www.econbiz.de/10015213933
economics emerged in the last quarter of the 19th century introducing a subjective theory of value based on individual … primary value creator. Unlike neoclassical theory, CPE prioritizes aggregated variables and social class incomes driven by … survival and profit motives rather than subjective preferences. The paper concludes that issues of effective demand, growth …
Persistent link: https://www.econbiz.de/10015214098
This research note/paper examines several factors that have been mentioned and debated as determinants of how Britain moves from feudalism to mercantilism and then to capitalism by way of agricultural and industrial innovations and also how it arrives at the cusp of the industrial revolution. Of...
Persistent link: https://www.econbiz.de/10015214426
of a comparison with a mathematical modelling close to the text of Sraffa's economic theory in "Capital. First Volume … Marxian values even in the case of a vanishing profit rate. In this respect, the claim of the neo-Ricardian school to have …
Persistent link: https://www.econbiz.de/10015214833
Napoleoni’s reflections on key issues within Marxist theory, including the theory of value, alienation and exploitation, rent …
Persistent link: https://www.econbiz.de/10015214878