First, R. Hilferding use a theoretical Marxist device maked poorer. But a story which overestimates the role of the banks and the monopolies brings R. Hilferding to release starting assumptions and make new contributions unfortunately unknown: monopolies behaviour based on barriers at the entry,...

This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant...

This paper presents an alternative to both Sraffa’s and his critics’ interpretations of the nature of Ricardo’s search for an ‘invariable measure of value’. It points out that Ricardo recognised two causes of change in the relative values of commodities: (i) changes in the labour...

Hahn's (1982) influential critique of Sraffa (1960) crucially rests on his conclusion that "the only falsifiable entailment of the Sraffa equations is the postulate of a uniform rate of profit". This paper argues that the uniformity of the rates of profit in Sraffa’s system is not an...

This paper reviews the question of cycles in the Marxist theory from the methodological indications given by Marx in the first book of the Capital. It expounds on the properties of a nonlinear dynamic model of accumulation of capital which analyses the interactions between the rate of...

The aim of this article is to show the full critical power of the subjective philosophy of living- labour which Michel Henry develops out of Marx. The radicality of such an economic philosophy was only underlined very little by the contemporary thought Marxist which, one knows it, does not give...

The article offers an analytical reconstruction of the criticism that O. Bauer leveled at R. Luxemburg's thesis about the accumulation of capital: the rise in the organic composition of capital requires capital movements between industries. The true meaning of this criticism then appears: by...

Beside an analysis of bank credit and financial markets, of monopoly capitalism, he role of the state and imperialism, Hilferding’s Finance Capital offers a theory of economic crisis which presents itself as an intent to incorporate the movements of profit rates and relative prices, and the...

The chapter on Money in the Grundrisse shows clearly that the presentation of the nature, properties and functions of money is opposed to the monetary theory of Utopian socialism. Marx emphasizes easily that the exchange value spontaneously objectifies itself in a money distinct from the...

Poverty was an ubiquitous theme in the literature of the beginning of the 19th century, and its analysis shifted from political or charitable perspectives to embrace a young science, namely the political economy. Stendhal’s example shows how political economy had become the only legitimate...