This paper discusses the role of credit in the capitalist accumulation. It presents Hilferding’s analysis of the financing of corporations and of the role of stock exchange as an agent of the mobilization of capital. Theoretical and historical elements are deployed to support a conjecture...

Roman Rosdolsky suggests a method to deal with the transition towards socialism that integrates three issues: 1) the identification of dynamic features of capitalism; 2) the systematization of metamorphoses of capitalism; 3) the evaluation of how these metamorphoses reshape the elaboration of...

This paper reviews two elaborations on alternatives to capitalism (Roemer, 1994 e Burczak, 2006). The present round of the controversy on socialism, planning vs. market, was triggered by the collapse of the bureaucratic regime in the URSS. One key feature of the present round is the influence of...

Metamorphoses of capitalism may be investigated following a dialogue between two theoretical approaches: long waves of capitalist development (Freeman & Louçã, 2001) and systemic cycles of accumulation (Arrighi, 1994). This dialogue organizes this paper. The first section associates the...

Neo-Schumpeterian economics has elaborated a theory of the role of science and technology in capitalist dynamics. We argue that this approach may be improved if it takes Marx's theory of capital into account. This (collective) effort should also consider contributions from some classic authors...

This paper presents Notebook B113, one of Marx’s unpublished manuscripts, and suggests its importance for highlighting the monetary and financial issues which Marx was investigating after 1867. A combination of deciphering an index prepared by Marx and reading the 1868 editions of The...

Marx's Notebooks prepared in 1868 and 1869 (excerpts from The Economist and The Money Market Review) are an investigation on the crisis of 1866. Beyond a broad study of that crisis, they are an investigation of an emerging transformation of capitalism. They focus on leading industrial sectors...

The collapse of USSR has stimulated a huge scholarly debate on socialist alternatives. This paper surveys four rounds of the debate on market and planning in the transition towards socialism: the socialist calculation debate (Barone, Mises, Lange and Hayek), market and plan in the Soviet...