Austrian economist Ludwig Mises’s central role in the socialist calculation debates has been consensually acknowledged since the early 1920s. Yet, only recently, Nemeth, O’Neill, Uebel, and others have drawn particular attention to Mises’s pertinent encounter with one of the most colorful...

Ronald Meek has (deliberately) ignored a very important discovery of Jevons. When labour is measured in terms of marginal labour values prices are proportional to these values and commodities exchange accordingly. This has been rediscovered by Soviet economists and that has been published in the...

Despite its remarkable pretensions of scientific nature, Marxism is not a scientific theory, as far as it is epistemologically built upon Hegel dialectical metaphysics idealist model. The three great epistemological mistakes evolving Marx's thought --Theologizing, economic determinism and...

The paper offers a novel interpretation and affirmation of the opening arguments of Capital, answering the fundamental but neglected question of why labour is the substance of value. Marx's arguments require that two philosophical threads, often separated in the literature on value, be woven...

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...

“Marxism,” wrote the American legal historian William E. Nelson in 1985, “is not about to disappear as an attractive ideology or as a powerful political force in the world.” The prediction was not well timed. The Marxism of the socialist bloc was anything but an attractive ideology or a...

Marx did not confine himself to criticising capitalism. He predicted the rise of a new mode of production which would take the place of capitalism and which he indifferently termed socialism or communism. In the light of this, the author thinks that even today those who do not envisage the...

A number of Marxist scholars have tied aspects of Marx's thought to certain Aristotelian categories, yet remarkably little is said of Marx's dialectical materialism in this literature. Here we attempt to lay a foundation for such an effort, paying particular attention to the way in which...

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin Hansen's theory of secular stagnation which has recently...

The most effective way to silence criticism is a justification on the very terms of the likely critique. When an action is rationally justified, how can reason deny its legitimacy? This paper concerns critical strategies that have been employed for addressing the resistance of rationality to...