Smith’s theory of the falling rate of profit has been usually interpreted as a result of the intensification of competition in the markets of goods and services of the factors of production. This aspect of Adam Smith had been initially posed by Ricardo and subsequently was widely adopted by...

The propositions advanced by Marx and Smith on the relation between labor and prices are examined, with particular emphasis on income distribution, within a non-Walrasian setting including joint production and heterogeneous labor. Among its contributions, the paper introduces the concept of...

A partir del estudio técnico, tecnológico e histórico de la evolución de la investigación operativa,como disciplina matemática aplicada al campo de la Economía Política previo desarrollo de la manufactura y la maquinaria, el autor estudia la influencia de dicha disciplina en la...

Classical economists - mainly Smith, Ricardo and J.S. Mill - abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular envisaged that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent...

This paper discusses the development of environmental economics from the Industrial Revolution in Europe to today. Specifically, it comments on the general similarities and differences between the representatives of the schools of economic thought concerning the environment. Among others, the...

Classical economists mainly Smith, Ricardo and J.S. Mill abhorred public debts because of their interference with capital accumulation. J.S. Mill in particular argued that a rising public debt leads to higher interest rates and falling real wages, a combination which may be consistent with a...

This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...

RESUMENEl presente documento analiza de manera comparativa las dimensiones epistemológicas de las ciencias físico/naturales -especialmente la física y la biología- y de la economía en sus esfuerzos por estructurar un status de ciencia. Se plantea la tesis de que entre el pensamiento...

This text comprises chapter 1 of Marx and non-equilibrium Economics[1]. It specifies a non-equilibrium (temporal) interpretation of Marx’s theory of value which demonstrates a fully consistent transformation of values into prices and reproduces Marx’s tendential law of the falling profit...

This paper was originally presented at a conference on value organized by the Laboratory for Social Change in Rome, which staged a debate on value theory involving Andrew Kliman, Alan Freeman, Mino Carchedi, Gary Mongiovi, Fabio Petri, Duncan Foley, and Ernesto Screpanti. The paper was a...