In Abhandlungen von Dorfman und Samuelson 1986 und van Suntum 1988 wird Thünens berühmte Grabsteinformel unter Berücksichtigung seiner spezifischen Annahmen bestätigt. Allerdings wird Thünens Vorgehen zur Erzielung dieses Ergebnisses bis heute kontrovers diskutiert. Mit diesem...

In Abhandlungen von Dorfman und Samuelson 1986 und van Suntum 1988 wird Thünen's berühmte Grabsteinformel unter Berücksichtigung seiner spezifischen Annahmen bestätigt. Allerdings wird Thüenen's Vorgehen zur Erzielung dieses Ergebnisses bis heute kontrovers diskutiert. Mit diesem Papier...

This essay provides a critical Marxist reformulation, internal to the cultural tradition of Western Marxism, of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in favour of a ‘mixed’ labour-and capital...

This essay provides a simple, non-technical reformulation of Marx’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value and of the ‘new value’ equality between the net product of the economy and the living labour employed in...

The purpose of this note is to supplement the author’s earlier remarks on the unsatisfactory nature of the neoclassical account of how the return on capital is determined. (See Strathclyde Discussion Paper 12-03: “The Marginal Productivity Theory of the Price of Capital: An...

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...

This is a proposal to restate the theory of capital along critical Marxian lines aimed at providing a better integration of the theory of capital with the theory of money and finance. The time value of money must be properly accounted for. An analytical method is proposed to accomplish this...

This is a paper on the theory of capital. It deals with the role of capital in a cost-of-production theory of value in which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary expression of abstract labour-value’ (MEV) is...

This article discusses two major conceptions of competition, the classical and the neoclassical. In the classical conception, competition is viewed as a dynamic rivalrous process of firms struggling with each other over the expansion of their market shares at the expense of their competitors....