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The shift from contradiction to redundancy in the critique of the labour theory of value
Lopes, Tiago Camarinha - In: International Journal of Pluralism and Economics Education 4 (2013) 3, pp. 263-273
) reveal how the reactionary political use of Sraffa's theory avoid the expansion of Marxism within economics; 2) explain how …
Persistent link: https://www.econbiz.de/10010722747
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A Note on Ronald Meek's 'Studies in the Labour Theory of Value'
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2006
Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...
Persistent link: https://www.econbiz.de/10005835681
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The Labour Theory of Value: A Marginal Analysis
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2008
The difficulties of the classical and Marxian labour theory of value are overcome when labour is measured in terms of marginal labour value. Marginal labour value is the inverse of the marginal productivity of labour. Relative prices are equal to the ratio of marginal labour values. This article...
Persistent link: https://www.econbiz.de/10005619897
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New imperialism or new capitalism?
Nitzan, Jonathan; Bichler, Shimshon - Volkswirtschaftliche Fakultät, … - 2006
Over the past century, the institution of capital and the process of its accumulation have been fundamentally transformed. By contrast, the theories that explain this institution and process have remained largely unchanged. The purpose of this paper is to address this mismatch. Using a broad...
Persistent link: https://www.econbiz.de/10005621372
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A Brief History, Scope, and Peculiarities of “Analytical Marxismâ€
Tarrit, Fabien - In: Review of Radical Political Economics 38 (2006) 4, pp. 595-618
The issue of the article is to describe and evaluate analytical Marxism, a school of thought that occupies a particular … position in radical theory. It has presented itself as an attempt to renew Marxism with the tools of non-Marxist philosophy … reconstructed Marxian economics with neoclassical tools; and Jon Elster, who interpreted Marxism with methodological individualism …
Persistent link: https://www.econbiz.de/10010796832
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Teaching economics differently by comparing contesting theories
Resnick, Stephen; Wolff, Richard D. - In: International Journal of Pluralism and Economics Education 2 (2011) 1, pp. 57-68
Teaching economics differently summarises how we have taught introductory micro and macroeconomics and what we have learned from that teaching experience over the last 40 years. We explain why teaching both economic theories that celebrate and those that criticise capitalism – together in one...
Persistent link: https://www.econbiz.de/10009352734
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Economics, Democracy, and the Distribution of Capital Ownership
Ashford, Robert - In: Forum for Social Economics 40 (2011) 3, pp. 361-370
Persistent link: https://www.econbiz.de/10009396998
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Marx on Ricardo: an explanation of some important misunderstandings
Feess, Eberhard - In: The European Journal of the History of Economic Thought 5 (1998) 2, pp. 276-291
Ricardo's theory of value and distribution is reconstructed by proceeding along the lines of Marx's critique of Ricardo. It is thus an anti-critique of Marx's reading of Ricardo. The chapter 'On Value' in Ricardo's Principles is shown to be a consistent and rigorous treatment of the determinants...
Persistent link: https://www.econbiz.de/10009219642
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Towards a political economy of accounting: an empirical illustration of the Cambridge controversies - an update
Tinker, Tony - In: African Journal of Accounting, Auditing and Finance 1 (2012) 2, pp. 113-129
Since Adam Smith's ambiguous endorsement of neo-classical thought in his 18th Century Wealth of Nations, mainstream economists have followed his lead, and embraced neo-classical economics or marginalism and 'forgot' its forerunner: Classical Economic Theory (sometimes called the Labour Theory of...
Persistent link: https://www.econbiz.de/10010670384
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Labour Values and the Theory of the Firm: Part I: The Competitive Firm
Hagendorf, Klaus - Volkswirtschaftliche Fakultät, … - 2009
This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter marginal analysis is introduced, culminating in the derivation of the Labour Value Function as the supply curve of the...
Persistent link: https://www.econbiz.de/10008502745