This paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in the context of accumulation of capital, and not to the problematic of choice of technique in the context of technological change or new innovation as such. In this context,...

<em>Marx in the matrix. L’algebra del "lavoro vivo"</em> - This paper provides a general overview on the recent interpretations of Marx’s analysis of value, money and income distribution. The paper is organized as follows. Section 1 introduces the original Marxian formulation of labour theory of...

The two main critiques of the labour theory of value - the critique of contradiction and the critique of redundancy - are presented along with the history of the debate on the transformation problem of values into production prices. The paper argues that the overall shift from the critique of...