This paper examines Marx's views on globalization and its supposed inevitability, and contends that they underwent a substantial evolution and revision after the publication of the Communist Manifesto. In the case of China, a prime example of the Asiatic mode of production, Marx even doubted...

This paper examines certain theoretical questions and issues relating to Marx's conception of wages under competitive capitalism. First, it is shown that the distinction between labour and the value of labour power is critically important for understanding the source of profits in competitive...

This paper argues that, in Chapters XXIX and XXX of Volume III of Capital, Marx develops an incisive conceptual framework in which excessive credit creation, indebtedness, and speculation play a critical and growing role in the reproduction of social capital on an extended basis; however, given...

This paper contends that Marx develops in Volume III of Capital an incisive conceptual framework in which excessive credit creation, indebtedness and speculation play a critical and growing role in the reproduction of social capital on an extended basis; however, given the decentralised and...