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...

This is a pre-publication version of a full-length review of Kuhn, R. (2007) Henryk Grossman and the Recovery of Marxism. Urbana and U of Illinois. Please cite as Freeman, A. 2008. ‘The Discontents of Marxism’. Debatte, 16 (1), April 2008 pp. 122-131

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...

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...

Both Rosa Luxemburg and Michal Kalecki utilised Marx’s scheme’s or reproduction as the starting point of their analysis of economic dynamics. However, Luxemburg did not realise that they were not meant to serve as models of capitalist growth, but rather to show that the conditions for stable...

This paper reviews Roberts' book Marx's Inferno. I take issue with three main themes of the book. The first theme deals with the ‘impersonal’ nature of domination embodied in the capital relation, the second with the putative connection between domination and republicanism, and the third...

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 concept of surplus is central in the analysis of capitalism. From the Marxian literature we can identify two main approaches: on the one hand, the concept of surplus developed by Marx based on the distribution of time worked between workers and capitalists; while on the other, the concept of...

The concept of surplus is central in the analysis of capitalism. From the Marxian literature we can identify two main approaches: on the one hand, the concept of surplus developed by Marx based on the distribution of time worked between workers and capitalists; while on the other, the concept of...

In this paper, we show that Sraffa’s prices are consistent with Marx’s analysis of the form of circulation of capital (Money–Commodities–Money) and his theory of the creation of new value by labour in the production process. On the contrary, according to many neo-Ricardian and Marxist...