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The main objective of this article is to reexamine an old controversy between analysts of Marx: the relationship between Marxist thought and philosophy, as well as the issue of methodology. The purpose is not to reach a final conclusion on such an intriguing topic, but rather to point out some...
Persistent link: https://www.econbiz.de/10005652821
This note looks into the issue of whether or not Sraffa had any significant influence on Keynes’s thinking in the period of preparation of the General Theory. Questioning the view recently expressed by Pasinetti (2007), we suggest there is reason to surmise that Sraffa may have pointed Keynes...
Persistent link: https://www.econbiz.de/10005677846
This is a prepublication version of the German language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels...
Persistent link: https://www.econbiz.de/10005619742
This is the first published general refutation of the Okishio theorem. An earlier refutation based on a specific example was published by Kliman and McGlone in 1988. Okishio’s theorem, published in 1961, asserts that if real wages stay constant, the rate of profit necessarily rises in...
Persistent link: https://www.econbiz.de/10005619804
Unfortunately our communists in general and their academic lackeys are still in the habit of the mere memorising and repetition of formulas, like “old Bolsheviks”, some under the mesmerism of Lenin’s Two Tasks of Social Democracy and some, Trosky’s Results and Prospects. This note is...
Persistent link: https://www.econbiz.de/10005619885
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...
Persistent link: https://www.econbiz.de/10005619897
This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...
Persistent link: https://www.econbiz.de/10005620036
This article presents a ‘sequential and non-dualist’ interpretation of Marx’s value theory. This terminology has since been replaced by the term ‘temporal single system’ (TSSI). In such an interpretation, values transform into prices in accordance with Marx’s two equalities, and the...
Persistent link: https://www.econbiz.de/10005620102
Article that appeared as Zarembka, P (ed) Economic Theory of Capitalism and its Crises, Research in Political Economy 18, pp241-48. Stanford, CT: JAI Press. (http://www.elsevier.com/wps/find/bookdescription.cws_home/621298/description#description) Responds to debate initiated in Research in...
Persistent link: https://www.econbiz.de/10005621551
This is the English language version of the entry on ‘Money’ (‘Geld’) in the ‘Historisch Kritisch Wörterbuch des Marxismus’, a comprehensive dictionary of Marxist terminology being produced as an accompaniment to the Marx-Engels-Gesamt-Arbeite (Marx-Engels collected works), a...
Persistent link: https://www.econbiz.de/10005621653