The paper addresses Kliman`s criticisms of the observed correlations between prices and labour values. It argues that the notion of spurious correlation is not relevant in this case. It examines Kliman`s own simulations and shows that his statistical correction techniques involve dividing...

We revisit the model of socialism proposed in our Towards a New Socialism (1993) and attempt to answer various questions that have been raised regarding the connection between our view of socialism and our perspective on capitalism, the process of transition to socialism, the failings of the...