I formulate and calibrate a small 3D classical growth cycle model to explain the rise of income inequality, growth stagnation and the persistence of unemployment in South Africa between 1970-2005. This model exhibits interactions between economic growth, the employment rate, and the rate of...

An explanatory graphic where values and relative prices, expressed in wage units, are represented at different rates of profit - in prices - is attached to the document "Connecting labour values and relative prices" (18017). It is shown that there is a specific rate calculated without reference...

This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...

In the context of the current crisis a vigorous debate is taking place with regard to its’ cause . A debate which has important policy implications in the sense that it justifies or condemns the main reaction policy to the evolution of the crisis i.e. the persistent securitization of financial...

This paper was presented to the May 2013 conference of the Postglobalization Initiative in Moscow, and deals with the function of economics in the modern world order. It seeks to explain why, as a profession (notwithstanding individual exceptions) economics failed to predict the crisis that...

This paper was presented to the joint conference of the AFEP, AHE and IIPPE in Paris, July 2012. A more developed and substantially revised version was presented to the conference on ‘Marxism: Marx and Beyond’ in Calcutta, 22-24 March 2012 and is due to be published. The paper argues that...

This is a pre-publication version of the article by the same name that was published in Research in Political Economy and should be cited as “Alan Freeman (2011), Crisis, Marxism, and Economic Laws: A Response to Gary Mongiovi, in Paul Zarembka, Radhika Desai (ed.) Revitalizing Marxist Theory...

This joint paper was presented to the Marx International II conference in Paris, 30th September-2nd October 1998. It sets out the principal propositions of the Temporal Single System Interpretation of Marx’s theory of value in a systematic and comprehensive way, making it a reference document...

The traditional neoclassical growth theory provides too optimistic predictions concerning the speed of a real convergence process. This paper tries to modify the traditional exogenous growth model without resorting to human capital or technological underdevelopment arguments. A different...

We support labour contents as an absolute and reliable measurement unit and as an accounting procedure that expresses the real costs and profits of the economic system. As far as the labour capacity of expressing real social costs and profits is concerned, we highlight the inaccuracy in the...