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Thomas Piketty is the most politically and economically important participant in the ongoing debate about the deleterious effects of income and wealth inequality. The article analyses his arguments carefully because they give Marxists an opportunity to intervene in a mainstream...
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The 2008 great financial crisis brought the question of the cyclical development of capitalism back to the center of … political economy. To understand the nature of post-crisis capitalism, it is inevitable to evaluate the literature on the … temporal phases of capitalism. This article presents four theories about the periodization of capitalism: the social structure …
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This article, by utilizing Ricardo's numerical examples, derives theoretical statements about the deviations of relative values (prices) from relative labor times. These deviations result from the presence of capital and the distributive variables (rate of profit and wage) and production...
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