In 1851 the French Social economist Auguste Ott discussed the problem of gluts and commercial crises, together with the issue of distributive justice between workers in co-operative societies. He did so by means of a ‘simple reproduction scheme' sharing some features with modern intersectoral...

Today, Karl Marx is considered one of the preeminent social scientists of the last two centuries, and ranks among the most frequently assigned authors in university syllabi. However in Marx's time, many competing sociological traditions and socialist political movements espoused similar ideas...

Marx and Keynes approach the analysis of capitalist economies from distinct standpoints, by starting with the investigation of the production of value and surplus value, and of its realisation, respectively. This implies complementarity, evidenced in several points of contact. Both writers adopt...

The paper serves as an introduction to the RuJE special issue on the circulation of economic ideas between Russia and the West. This circulation is a contentious issue, especially among Russian economists. In this article a specific pattern of West-Russia-West transfer is investigated. The...

Mikhail Tugan‑Baranovsky was one of the most prolific Russian economists at the turn of the 19–20th centuries. His thought was largely influenced by Western ideas, like most of his fellow Russian economists. But Tugan‑Baranovsky’s theories in turn also influenced Western economic thought...

The paper provides an interpretation of Lenin’s earliest contributions (made in 1893–1899) to the study of economic development. In the 1890s, Lenin joined young Marxist intellectuals in their fight against the Narodnik economists, who represented the approach prevalent among the Russian...

Many commentators claim Adam Smith failed to realize that no objective standard of value exists. Instead, he adhered to the labor theory of value. Like others, we argue that in the The Wealth of Nations Smith discussed the “early and rude state” in which the labor theory of value made some...

Inclusivity is perhaps the single most important human need to facilitate and demonstrate fairness for all members in an open and free society. When this principle need is compromised by appearances of unscrupulous self-interested privileged elites to perpetuate a systemic widening disparity...

The Sozialdemokratische Partei Deutschlands (SPD) is often proposed as a pre-Soviet popularizer of Marxist economic theories due to its electoral successes in Germany in the decades before World War I. Using the Synthetic Control Method (SCM), we examine whether German-language print references...

Right-wing critics of Keynes have often suggested that he was a socialist. His policy proposals were very often described as a slippery slope that would lead society into a totalitarian nightmare. Alternatively, from the left, Keynes was often seen as a reformist that intended to preserve the...