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This paper presents estimates of the rate of profit on fourteen countries in the long run. The performance shows a clear downward trend, although there are periods of partial recovery in both core and peripheral countries. The behavior of the profit rate confirms the predictions made by Marx,...
Persistent link: https://www.econbiz.de/10011108239
This paper presents theory and evidence to show that imperialism was a major factor impeding the spread of the industrial revolution during the century ending in the 1950s. Two empirical results stand out. First, analysis of historical evidence shows that most sovereign countries were...
Persistent link: https://www.econbiz.de/10011111073
This paper presents a schematic history of the global economy since 1800. The economic and political logic of global capitalism in this period is defined by its ability to derive a growing share of its energy from fossil fuels. The explosive growth of this period, the dominance of capital, the...
Persistent link: https://www.econbiz.de/10005787212
We compare and analyse two different conceptions of market competition: the walrasian notion of perfect competition and the Classical notion of free competition: while the former may be described as an equilibrium state in which atomistic agents treat prices parametrically, the latter is a...
Persistent link: https://www.econbiz.de/10008516568
The paper seeks to fill a lacuna within Classical economics concerning the process of market price determination in a short-period equilibrium. To this aim, first we distinguish the Classical notion of free competition from the Walrasian notion of perfect competition and we argue that the latter...
Persistent link: https://www.econbiz.de/10008531932
Apartheid’. The US-UK variant of marxism, which I characterise as ‘Imperialist Marxism’, has uncritically absorbed the world … ‘civilising mission’ is reproduced in traditional Marxism through the notion that the working class of the dominant countries is …
Persistent link: https://www.econbiz.de/10005835585
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...
Persistent link: https://www.econbiz.de/10005835681
positivist Marxism’, Review of Political Economy Volume 26, 2010, pp 211-250. This paper restores the concepts of freedom … human control. They were integral to the emancipatory political economy of Karl Marx but have been lost to Marxism, which … appears as the inspiration for mechanical, fatalistic determinism. This confusion arises from Marxism’s absorption of the idea …
Persistent link: https://www.econbiz.de/10011258515
Marxism. Urbana and U of Illinois. Please cite as Freeman, A. 2008. ‘The Discontents of Marxism’. Debatte, 16 (1), April 2008 …
Persistent link: https://www.econbiz.de/10011258894
The purpose of this paper is to investigate the influence on the theoretical dimension of Marxism, advanced by Cyril … intellectual had in the development of an understanding of Marxism in the U.S. during this period. In order to do so, it is …’s Marxism which will allow us to see how he shaped his thoughts as a Marxist and the extent to which he was able to put his …
Persistent link: https://www.econbiz.de/10011259651