Showing 1 - 10 of 48
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,...
Persistent link: https://www.econbiz.de/10004962258
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...
Persistent link: https://www.econbiz.de/10009003045
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...
Persistent link: https://www.econbiz.de/10009371099
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...
Persistent link: https://www.econbiz.de/10008831601
We analyze a series of macroeconometric models developed in the years of high theory by Marschak, Frisch and Leontief. These models share an explanation of growth, cycles and fluctuations (“economic change”), based on the analysis of the circulation of capital goods among producers. They...
Persistent link: https://www.econbiz.de/10011122330
This contribution argues that Menger’s Grundsätze ground economic subjectivism in cognitive features. It elaborates on need-satisfaction in relation with the use value of goods. It details the various forms raised for utility in Menger’s texts and distinguishes between both Grundsätze...
Persistent link: https://www.econbiz.de/10004962242
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...
Persistent link: https://www.econbiz.de/10004962260
Competition is a keyword in the works of Maurice Allais. From analytical point of view, competition, as differentiated sector with multiple enterprises under perfect competition, coexist with a non-differentiated sector with single nationalized company. Moreover, competition is not spontaneous...
Persistent link: https://www.econbiz.de/10010550868
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...
Persistent link: https://www.econbiz.de/10004962249
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...
Persistent link: https://www.econbiz.de/10008833452