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[Part I] As a few alert mainstream and corporate economists rediscover the certain elements of Marx’s analysis of …. The part also presents two important works in translation. The first, read by Marx himself, raises serious questions about … of constant capital. [Part III] The final part contains a debate on the merits of ‘positivist Marxism’ sparked by an …
Persistent link: https://www.econbiz.de/10011193722
Michael Heinrich’s recent Monthly Review article claims that the law of the tendential fall in the rate of profit … (LTFRP) was not proved by Marx and cannot be proved. Heinrich also argues that Marx had doubts about the law and that, for … shows that a simple misreading of Marx’s text lies at the basis of Heinrich’s claim that the simplest version of the LTFRP …
Persistent link: https://www.econbiz.de/10011257722
This paper analyses financial crises from a theoretical point of view. For this it reviews what different schools of economic thought have to say about financial crises. It examines first the approaches that regard financial crises as a disturbing factor of a generally stable real economy...
Persistent link: https://www.econbiz.de/10010759992
This paper analyses financial crises from a theoretical point of view. For this it reviews what different schools of economic thought have to say about financial crises. It examines first the approaches that regard financial crises as a disturbing factor of a generally stable real economy...
Persistent link: https://www.econbiz.de/10010982078
argue that a coherent explanation of long-run fluctuations can be based upon Marx’s argument in Capital III, whereby the … falling long-run tendency of the rate of profit leads to a stagnant mass of net profits, which are associated with the onset … or weaknesses of Kondratiev’s and Marx’s views with respect to their visions of the long term evolution of the capitalist …
Persistent link: https://www.econbiz.de/10011259173
This is a pre-publication of the chapter of the same name which was first published in Freeman et al (2001), reproduced with the kind permission of the publishers. I have re-organized it for scholarly use as a separate text, with the references included and with footnotes instead of endnotes. I...
Persistent link: https://www.econbiz.de/10011259243
This text comprises chapter 13 of Marx and non-equilibrium Economics[1]. It provides a general mathematical … specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the … transformation problem. It is a foundation work of scholarship within the TSSI (temporal single-system interpretation) of Marx. It …
Persistent link: https://www.econbiz.de/10005787091
This paper explores the crisis and some implications against the Marxian profit rate (PR). The PR helps explaining a … corrected PR has reached a historical low under neo-liberalism, in spite of an increase in profit masses and profit shares in …
Persistent link: https://www.econbiz.de/10010722752
This paper evaluates the five most popular analytical approaches to the East Asian "miracle" economies: neoliberal, structural-institutional, "flying geese," Greater China, and dependency perspectives. Distinguishing between national and regional development visions, we specify the key forces...
Persistent link: https://www.econbiz.de/10010797146
this last work. The main conclusions are first, that Marx had an intrinsic explanation of the falling rate of profit but …Abstract: Marxs conclusions about the falling rate of profit have been analysed exhaustively. Usually this has been …
Persistent link: https://www.econbiz.de/10005572140