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...

This book examines the three historical master tales and questions their validity and relevance in today's moment of global disorientation which lacks a convincing and dominant economic narrative. Investigating the ideological dimension and exploring the continued impact of Marx, Keynes and...

Contents: Part I: Capitalism and financial crisis -- 1. Marx and the monetary business cycle -- 2. Marx and the emergence of debt markets -- 3. Rosa luxemburg and the marxists on finance -- Part II: Critical theories of finance in the twentieth century: Unstable money and finance -- 4. Ralph...

Spencer Pack compares and contrasts Aristotle's, Smith's and Marx's theoretical systems on six fundamental issues: exchange value, money, capital, character, government, and change. This book also provides insights on issues concerning the continuing development of world money, saving,...

Introduction -- Marxism, Darwinism, institutionalism -- Darwin and Marx at the crossroads -- Social Darwinism in anglophone academic journals -- Institutionalism versus Marxism : a debate with Alex Callinicos -- Three essays on critical realism -- The uncritical political affinities of critical...

This book uses an institutional-evolutionary approach to analyse economic problems associated with developments in capitalism during the second half of the twentieth century. It argues that economics should centre on institutions - the durable fabric of the economy over time. Drawing on the...