The traditional Marxian arguments for the injustice of capitalist exploitation generally focus on the ownership patterns of productive property. Exploitation is thus viewed either as the result of illegitimate private ownership or as the result of the unequal distribution of productive assets....

In the Spring 1998 (56(1): 47-57) and Fall 1998 (56(3): 295-306, 307-310) issues of this review, Howard Sherman and Geoffrey Hodgson debated, inter alia , the extent to which Veblen-Ayres institutionalism is compatible with Marx and recent Marxist work. This paper argues that the differences...

The purpose of this work is to contribute to a critical analysis of what has been called 21st century socialism. Socialist regimes of the 20th century distorted the theoretical Marxian economic model partly because of the impossibility of socialist economic calculation. Allin Cottrell and Paul...

Purpose: This critique of Piketty's Capital in the Twenty-First Century summarizes and comments on the main tenets of the author's principal theory. Our aim is to point out the book's contributions to critical debate around social and economic issues, while giving special emphasis to its...

Two main subjects are dealt with in this paper: the democratic road to socialism in Marx and Engels’s works and, more generally, a feasible transition to a new social order. Starting out from the Marxian definition of revolution as the transition from one production mode to another, the author...

This paper provides a brief overview of economic thinking about the capitalist system. The clash between defenders and detractors highlights the system’s strengths and weaknesses as well as possible improvement vistas. As pro- and anti-capitalist theories are examined and compared against real...

Purpose – The purpose of this paper is to look at the recent history of proposals to tax resource rents in Australia, from Australia’s Future Tax System Report (the “Henry Tax Review”) through to the proposed Resource Super Profits Tax (“RSPT”) and then the Minerals Resource Rent Tax...

Purpose – The purpose of this paper is to investigate how Marxist accounts of capitalism and capitalists as “vampiric” and “cannibalistic” can challenge the exploitation underlying “monstrosity” of the diverse “liberal organization”. Design/methodology/approach – To bear out...