An extended formal model of value and price is constructed that includes within it "specialized labor" according to occupation, and therefore variations in real wage rates between workers. A "classical Marxist" approach is taken, and the "new approach" of Dumenil, Foley and Lipietz is...

A novel conception of money and the State is offered, in the context of post-golden-age financial and political systems (roughly from 1980 to the present), and with regard to the sovereign-currency States, focusing particularly on the USA. The basic elements of the paper are: (1) a novel...

  In this paper, a comprehensive profile of the 'working poor' is presented using data from the 2003 March Supplement of the Current Population Survey. We test an earnings model with effective cost constraints. The dependent variable is the likelihood of an employed individual being a member...