Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...

This short paper presents the Marxian value theory and its contradiction. As an alternative Marginalism is introduced and it is shown that marginal cost is equal to the monetary expression of marginal labour value. Marginal labour value is proportional to the price

The theory of capital as power (CasP) is radically different from conventional political economy. In the conventional view, mainstream as well as heterodox, capital is seen a 'real' economic entity engaged in the production of goods and services, and capitalism is thought of as a mode of...

The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of marginal labour value. Marginal labour value is the inverse of the marginal productivity of labour. Relative prices are equal to the ratio of marginal labour values. This article...

The classical labor theory of value generates two well-known antinomies: Ricardo's problem of an invariable measure of value and Marx's transformation problem. I show that both antinomies are generated by the same category-mistake of expecting a technical measure of labor cost to function as a...

The aim of this essay is to join the discussion on an important issue in economic theory like is the money. For this, we shall analyse an important theory in economics; this theory was proposed by Karl Marx, where the money has a great importance to understand the development of the economic...

Modern economic science has become a grand parable, the study of a virtual economic world where the interactive robots engage in mechanical relationships. Although the natural sciences that initially inspired many economists has undergone drastic changes since Newton's era, modern economic...

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...

This paper critically analyses the strongly subjectivist approach to exploitation theory recently proposed by Matsuo ([7]), in the context of general convex economies with heterogeneous agents. It is proved that the Fundamental Marxian Theorem is not preserved in his subjectivist approach,...

שמשון ביכלר ויהונתן ניצן פרסמו באחרונה את ספרם "ההון ושברו" (פרדס, 2022, 602 עמ'), בו הם דנים במשותף בתהפוכות כלכליות ותיאורטיות עדכניות. הספר ראה אור כעשרים שנה לאחר...