This paper was presented to the May 2013 conference of the Postglobalization Initiative in Moscow, and deals with the function of economics in the modern world order. It seeks to explain why, as a profession (notwithstanding individual exceptions) economics failed to predict the crisis that...

This is a prepublication version of ‘Money, Labor, and Logic: A critical comparison’, published in Critique of Political Economy. Please cite as Freeman, A. 2011. ‘Money, Labor, and Logic: A critical comparison’, Critique of Political Economy No. 1. 152-175. The article seeks to promote...

The paper argues that a formal, and fruitful, historical analogy can be drawn between economics and a religious hierarchy, most notably the mediaeval Catholic church. This idea was fully developed in Freeman (2007), ‘Heavens Above: what equilibrium means for economics’, in Mosini, V (ed)...

This is a pre-publication version of the article that was published in Capital and Class in February 2010. It should be cited as Freeman, A (2010) ‘Marxism without Marx: a note towards a critique’. Capital & Class February 2010 vol. 34 no. 1 84-97. The most severe economic crisis since 1929...

Leontief’s input-output models are usually viewed as simplified classical (neo-Ricardian) models. However, this interpretation hides two opposed views. On the one hand, the common interpretation, based on Koopmans and Samuelson’s works, considers the so-called “models of Leontief” as...

Marx has a method for the evaluation of patterns of interaction between finance and innovation. Two starting points of this method are the simultaneity of cause and effect and the identification of reciprocal effects between the monetary-financial dimension and the industrialinnovative...

My first concern is the treatment of distribution by Marx and Engels within the general framework of ‘Historical Materialism’. To set the stage I deal briefly with their rejection of egalitarian schemes based on ‘justice’ or ‘morality’ (Section II.1),and then proceed to their...

An analysis of Marx’s alienation theory is the starting point for establishing if alienation would actually be cancelled in a system of self-managed firms. As Marx held that alienation comes at various degrees and is strongest in capitalistic systems with hired labor, the author argues...

Abstract: Recent heterodox economic literature makes reference to Hilferding’s “Finance Capital” and Lenin’s “Imperialism” as early insights on the phenomenon of Financialization of capital. In this regard ideas which became dominant in the left during the first decades of the...

This paper was presented to the Brasilian Society for Political Economy at its 1998 conference. It presents the principal differences between the temporal and the simultaneist approach to the theory of value. It was the first paper to present a formal conceptual analogy between the temporal...