This paper defends The Transformation of Values into Prices on the Basis of Random Systems, published in EIER, by answering to the Comments made in the same journal by Professors Mori, Morioka and Yamazaki. The clarifications mainly concern the justification of the randomness assumptions, the...

This paper examines the interaction between education, growth and distribution from a classical-Marxian perspective. It first briefly examines classical-Marxian ideas on the relation between education and growth and income distribution. Drawing on these ideas to the extent that they are relevant...

This paper argues that Marx’s law of the falling rate of profit applies to the problematic of choice of technique in the context of accumulation of capital, and not to the problematic of choice of technique in the context of technological change or new innovation as such. In this context,...

La enseñanza de la teoría económica marxista es ahora escasa, pocos establecimientos académicos le dan un espacio en su currículo. Con esta nota de reflexión se presentan algunas razones de este desinterés, ofreciendo las principales justificaciones ideológicas y teóricas para insistir...

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...

First, R. Hilferding use a theoretical Marxist device maked poorer. But a story which overestimates the role of the banks and the monopolies brings R. Hilferding to release starting assumptions and make new contributions unfortunately unknown: monopolies behaviour based on barriers at the entry,...

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...

We emphasize the importance of competition and of the distribution of capital between sectors in the analysis of the transformation of values in production price. It is generally admitted that the fundamental Marxist equalities (the sum of prices is equal to the sum of values and the sum of 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...

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an 'ex post' view on the matter and looks at the output side of the respective authors, but not at the input side. This means no attempt is made to study in a systematic way whether and to what...