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The April 21, 2005 issue of the LONDON REVIEW OF BOOKS carried a lead article titled ‘Blood for Oil?’ The paper is attributed to a group of writers and activists – Iain Boal, T.J. Clark, Joseph Matthews and Michael Watts – who identify themselves by the collective name ‘Retort.’ In...
Persistent link: https://www.econbiz.de/10005836969
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
predict the dynamics of personal incomes for every single person in the working-age population in the USA between 1930 and …
Persistent link: https://www.econbiz.de/10011259180
What do economists understand about the economy if they do not understand the profit phenomenon? Next to nothing …. Therefore, the very first task in theoretical economics is to clarify the difference between profit and wage income and their …
Persistent link: https://www.econbiz.de/10011267893
The present paper takes the explanatory superiority of the integrated monetary approach for granted. It will be demonstrated that the accounting approach could do even better provided it frees itself from theoretically ill-founded notions like GDP and other artifacts of the equilibrium approach....
Persistent link: https://www.econbiz.de/10011258616
This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...
Persistent link: https://www.econbiz.de/10011259243
, as a matter of principle, afford a correct profit theory, (b) without a correct profit theory it is impossible to …
Persistent link: https://www.econbiz.de/10011259277
. An analytical method is proposed to accomplish this task. The fundamental Marxian problem of the origin of profit is …
Persistent link: https://www.econbiz.de/10011259280
The aim of this paper is to simulate profit expectations as an emergent property using an agent based model. The paper … interactive profit expectations model (AIE). Understanding the diffusion of interactive expectations is aided by using a network … to simulate the flow of information between firms. The AIE model is tested against a profit expectations survey. The …
Persistent link: https://www.econbiz.de/10011259382