This paper examines the treatment of the Fisher effect in Keynes's General Theory and in various Keynesian and post-Keynesian writings. It is argued that Keynes was not entirely fair to Irving Fisher but, nonetheless, that the General Theory provides the basis for a critique of Fisher's...

The paper deals with Keynes's critique of Pigou, and takes issue with Nahid Aslanbeigui's recent attempt to "rehabilitate" the latter. I argue that Keynes made one significant mistake of interpretation, but that this by no means vitiaites his critique.

We make the argument that what failed in the USSR was not socialist planning as such, but a particular and definitely flawed variant of same, and suggest the outlines of an alternative system of planning. The paper is complementary to our 1993 book, "Towards a New Socialism."

The collapse of previously existing socialism was due to causes embedded in its economic mechanism, which are not inherent in all possible socialisms. The article argues that Marxist economic theory, in conjunction with information technology, provides the basis on which a viable socialist...

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...

This article surveys the main themes of post-Keynesian monetary economics (where the term 'post-Keynesian' refers to the school of that name rather than having a purely chronological meaning). The role of monetary theory in justifying the idea of unemployment equilibrium provides one main focus....

It is a lengthy review essay on Rudy van Zijp's book "Austrian and New Classical Business Cycle Theories" (Elgar, 1993) The review is quite critical, both of the book and of Hayek (whose theories are foremost among the Austrian works considered by van Zijp).