The effect of technical change and accumulation on the profit rate depends on their effect on the real wage rate. Employing a standard one-sector "circulating-capital" model, it is assumed that the wage rate is at least non-decreasing in labor demand. Then, ceteris paribus, capital-using...

In response to a critique by Laibman (1996) of earlier work (Thompson 1995) exploring the effect of technical change and accumulation on the real wage rate and thus, via the Okishio Theorem, the rate of profit, it is demonstrated that in a wide range of one-sector models (including that of...

This volume presents a collection of essays honoring Professor Thomas E. Weisskopf, one of the most prominent contributors to the field of radical economics. Beginning his academic career at Harvard before moving to the University of Michigan at Ann Arbor, Professor Weisskopf has spent the past...

A wide variety of methods have been suggested for ex ante project appraisal. The most logical and complete of these appears to be multiattribute utility theory (MAUT) which provides a formal procedure for handling the difficulties of ex ante evaluation arising from multiple objectives,...

Purpose - The purpose of this paper is to investigate how fund managers in a non-Western country like Malaysia follow investment processes developed in the West and taught in the finance departments of universities. Design/methodology/approach –This convergent interview research investigates...

Could Total Quality Management (TQM) provide the "reconceptualisation" of management required in Africa? TQM is a coherent, established management framework, and the collectivism and high power distance culture of African countries might match the internal customers' teamwork of TQM's quality...