Starting from a conceptualization of structural change as an uneven phenomenon punctuated by technological revolutions that give rise to long-term movements of real and monetary variables, i.e. long waves, this paper puts forth an explanation of radical technical change. Then, drawing upon...

This paper comments on a recent paper by Ernesto Screpanti (2003), in this journal, on Marxian theories of value and exploitation. The paper argues, in opposition to Screpanti, that the labour theory of value is the most suitable foundation for a realistic and historically determined vision of...