by the critical commentaries of Sir James Steuart and Karl Marx on the views of Locke and Lowndes on monetary theory. As …

Because economic affairs involve individual action, they must be understood on the basis of a theory which is both … individual action. Economic theory, then, requires a conception of the individual agent or subject of economic activity. In this … essay, I explore this conception as it develops in the classical theory exemplified by the work of Adam Smith and Karl Marx. …

Some commentators pose Veblen’s political economy as a corrective to the “reductionist†character of Marxism. This …

This issue tries to answer two questions. Is the Marxian theory of crises, in its original formulation, useful to … understanding the current crisis? Can the current crisis help us rethink Marx's theory of crises? The most widespread readings of … Marx's theory of crises are the "tendency toward a fall in the rate of profit" and an underconsumptionist view concerning …