A vision of universalised human freedom, equality, security and democracy emerged in the wake of the Scientific Revolution and the Enlightenment, the British Industrial Revolution, and the French Revolution. This vision, not even approximately practicable at the time, is now well within reach. A...

The present work investigates the links between Ricardian and Sraffian economic analyses and the emerging themes of ecological macroeconomics, namely the impact of global warming and ecological or natural crises, the depletion of non-produced material resources, and the energy transition. The...

An intensifying combination of instability, inequality, and environmental degradation obliges us to consider how best to reform capitalism. The question of the system's reformability has deep historic roots in capitalism's long-wave dynamic where periods of crises have recurrently set in motion...

This paper is a revised version of a discussion with Nobel laureate Vernon Smith on the limits of neoclassical theory and on the opportunity to recover the alternative approach of classical economists and Marx. Vernon Smith is certainly right to insist on the heuristic force of the classical...

Productivity seems an obvious concept: output per unit of input. Yet, when contextualised within alternative views of production and distribution, challenges across attempts at measuring it are far from trivial. The aim of this paper is to present and discuss some foundational concepts for...

This special issue of PSL Quarterly Review is devoted to the Solow-Pasinetti debate on productivity and technological progress. Florencia Sember guides the reader through the main aspects of the debate, calling attention to those precursor features of a bifurcation that would later distinguish...

This article aims to examine the recent rise and fall of productivity in Argentina through a subsystems approach. Specifically, indicators based on hyper vertically integrated (HVI) sectors for Argentina are developed using OECD Input-Output Tables. The analysis spans the period 2004-2019,...