Among the most important advances in Marxian theory in recent years have been the methodological and philosphical contributions of Louis Althusser and his colleagues. Stephen Resnick and Richard Wolff's "The Theory of Transitional Conjunctures and the Transition from Feudalism to Capitalism in...

This article compares the neoclassical and Marxian theories of the firm. The neoclassical, interpreting the social relations in the production process, in particular the relations of authority and inequality, as flowing from the nature of technology and atomistic preferences, is shown to be...

The Marxian labor theory of value has been criticized in recent years by neoclassical and Sraffian economists as superfluous to the analysis of capitalist economies. It is argued in this paper the usual presentations and de fenses of the labor theory of value are indeed faulty, but the theory...