The Cambridge, England, critique of the marginal productivity theory of distribution is hard to disentangle from the related theories and developments that occurred alongside it. These include value theory, price theory, capital theory, growth theory and methodology. Indeed, in the event, I...

I am delighted and honoured to contribute an essay to the Special Issue of the Global and Local Economic Review in honour of Anwar Shaikh's contributions, and especially to honour 40 years on from the publication of his wonderful HUMBUG article, “Laws of production and laws of algebra: the...