Foreword by Francesco Schettino Part I:Capitalism and Socialism as Modes of Production 1. Introduction to Part I2. The hard scientific underpinnings of XXIth century political economy3. Modes of production and socioeconomic formations 4. Labor and value 5. Real competition, pending issues and...

This major volume develops a rigorous equilibrium-free political economy based on labour values. Rooted in a non-dualistic approach restoring money to its central role in a commodity economy, Marx and Non-Equilibrium Economics is the fruit of extensive international collaboration reflecting a...

Chapter 1: Introduction -- Section 1: The Concept of Fetishism -- Chapter 2: The Origins of the Term in Marx’s Writings -- Chapter 3: The Development of the Concept over Time -- Chapter 4: Fetishism: a Preliminary Exegesis -- Section 2: The Ontology of Fetishism -- Chapter 5: Fetishism of...

"Over a hundred years after the first socialist revolution broke the global monopoly of capitalism, a new class of socialist-oriented socioeconomic development is coming to the fore. Capitalism is still dominant worldwide, although its hegemony is no longer undisputed, and humankind is now faced...

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and...