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 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 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...

The purpose of the paper is to analyze Claudio Napoleoni's opinions on the epistemic status of labour and work in Marxian thought. Particular attention is paid to illustrate the position taken by Napoleoni as regards Lucio Colletti's idea of an identity of abstract labour and alienated labour in...

This article deals with a theoretical point: the alleged consistency of the Marxian notion of exploitation with the Sraffian theory of prices. The problem is examined in a historico-critical perspective. The discussion is centred on the idea that in a circular model of production with vertically...

This is a note on labour exploitation and alienation in the economic thought of Marx and Napoleoni. It is a comment on a previous article on the subject by Riccardo Bellofiore.