Henryk Grossmann was the first Marxist economist that proposed a theory of crisis based on the Marxian law of the falling rate of profit due to the increasing organic composition of capital. This view, while initially disappointingly minotirarian, has become very popular nowadays within Marxist...

The similarities between the Social Structures of Accumulation perspective and the Regulation Theory are well known and established in the relevant literature. However, most of the comparisons focus on the founding texts of both approaches. During recent years there appear to be significant...

This paper studies the relationship between Greek capitalism and the European Union in the light of the recent developments (i.e. the current global crisis and the fiscal and debt crisis of Greece). The first part analyses the turbulent historical course of Greek capitalism and its passage from...

This paper reviews the alternative explanations offered to explain the Greek crisis and checks there analytical and empirical validity. The first part focuses on the mainstream explanations. It distinguishes three main versions (‘Greek disease’, EMU is an unrectifiable non-OCA, EMU has...

Comments on a paper by B.Fine on the subject of Privatisation

This study criticises Regulation’s Consumption theory. First, it pinpoints the significance of consumption for Regulation. Then, it criticises it: (a) its Value theory, by arguing that the regulationist conception of the value of labour-power and its theory of wage is theoretically and...

As Marx, but also Chapman and Robbins argued, working time and labour intensity are strongly and negatively correlated. Nevertheless, the models for this interaction presented so far don’t integrate their ideas. We construct a model for the time – intensity relationship that is mainly based...

This unique and original book offers a critical survey of the regulation approach, an influential theoretical school born in the 1970s and belonging to the neo-Marxist and radical political economy traditions.

The study of the history of economic theory is entwined with both non-neoclassical and especially Marxist political economic analyses. These analyses basically relate the creation of an autonomous science of economic relations to the establishment of capitalism. Usually, the main agents in this...

Henryk Grossmann was the first Marxist economist that proposed a theory of crisis based on the Marxian law of the falling rate of profit due to the increasing organic composition of capital. This view, while initially disappointingly minotirarian, has become very popular nowadays within Marxist...