The old theories of imperialism attempted to explain the phenomenon of the militarization of the industrial nations and their conflict over colonies that led to World War I. It was the rise of monopoly capitalism, the emergence of finance capital and the control over the state that led...

This paper describes a nonlinear dynamic model of the convergence of market prices to natural prices in a multisector 'simple production' economy under conditions of a constant technique and composition of demand. Prices and quantities adjust in real time according to the classical principle of...

This paper presents the microeconomic partial and general economic equilibrium analysis of monopoly power in terms of labour values. In the partial analysis it is shown that the monopolistic mark-ups above marginal cost do not constitute labour values but real bubbles of values which prevent the...

Suppose you propose to retrieve the means of production from the capitalist mode of production, turning them from alien forces conspiring against freedom into an expression of freedom. How might you do that? The question gives rise to a socialisation dilemma. The first horn of the dilemma,...

In classical and Marxian political economy economic advancement takes place in stages of development. These stages are characterized by different functional distributions of income. In this paper we show that the Cobb-Douglas Production Function is the only production function which has the...

The aim of this paper is to outline some aspects of the self-organisation of society based on a dialectical methodology. On a very general level, society can be characterised as a re-creative system: By mutual productive relationships of social structures and actors, society can based on human...

The aim of this paper is to outline some foundational aspects of a theory of self-organising social change. Synchronous social self-organisation is based on a contradiction between structures and actors that produces emergent results. The cycle of expanded reproduction of capital outlined by...

This paper takes off from Jan Kregel's paper "Shylock and Hamlet, or Are There Bulls and Bears in the Circuit?" (1986), which aimed to remedy shortcomings in most expositions of the "circuit approach". While some "circuitistes" have rejected John Maynard Keynes's liquidity preference theory,...

In this introduction I outline a logical continuity in Hayek's research program from technical economics to his political economy and social philosophy. By taking the starting point of economics as the question of the coordination of plans, Hayek's emphasis as an economist on how economic actors...

In this paper the intellectual work of Homero Cueva is briefly shown, describing some content of his books and papers. During his life, his task to spread the classic theory from main contemporary classical economists was remarkable. Indeed, the originality of Homero Cuevas in his critical...