The paper deals with a fundamental issue in the history of economic thought: the alleged separability in the classical analysis of distinct and sequential logical stages. It will be recalled that the contested idea of an analytical separation of the theory of value (relative prices), the theory...

Has the Marxian concept of economic value an objective foundation? In the light of the "New Value Controversy" which opposed neo-Marxist and Sraffian theorists, the author of this essay, a critical Marxist, reconsiders Marx’s labour theory of value. Attention is paid to the Marxian analysis of...

This is a theoretical analysis of structural interdependence in monetary economics. Some recent attempts to integrate money and finance in the theory of income and expenditure are critically examined. The Sraffian dichotomic interpretation of classical political economy is refused. A version of...