Roman Rosdolsky suggests a method to deal with the transition towards socialism that integrates three issues: 1) the identification of dynamic features of capitalism; 2) the systematization of metamorphoses of capitalism; 3) the evaluation of how these metamorphoses reshape the elaboration of...

This paper contends that Marx develops in Volume III of Capital an incisive conceptual framework in which excessive credit creation, indebtedness and speculation play a critical and growing role in the reproduction of social capital on an extended basis; however, given the decentralised and...

The possibility of the reswitching of techniques in Piero Sraffa's intersectoral model, namely the recurring capital-intensive techniques with monotonic changes in the interest rate, is traditionally considered as a paradoxical violation of the assumed convexity of technology putting at stake...

It is hard to find a book that explains, simply and fairly, what capitalism is, how it works, and its strengths and weaknesses. The very word capitalism was coined as a term of abuse. And still today, most books on the subject remain hostile to capitalism, or paint a distorted, confused picture...

The paper deals with the continuities and discontinuities between some classical, Austrian and neo-Austrian authors with regard first to the theory of capital and then to the theory of entrepreneurship. Part I focuses on the elements of continuity between the classical and the Austrian theory of...

This article analyzes the role of the asymmetry hypothesis in Marx’s reproduction schemes. We assume a propensity of capitalists for endogenous and uniform saving, and study its effect on the result found by Marx. Afterward, the dynamic relationship between the organic composition of capital...

The missing link -- Marx's theory of history -- An accounting critique of Marxist interpretations -- Ancient slavery -- Slavery in the late roman empire -- Transition to feudalism in Western Europe -- Capitalist ideology and accounting -- The socialist mode of production -- The tasks of critical...