We consider an alternative modelling approach to the mainstream DSGE paradigm, namely basically a Dynamic Stochastic General Disequilibrium model of continuous adjustment processes on interacting real and financial markets. We introduce heterogeneous capital gain expectations (chartists and...

In a recent contribution on this journal, Matsuo (2009) has provided an interesting argument to refute the Generalised Commodity Exploitation Theorem (GCET), by highlighting a potential asymmetry between labour and other commodities. In this paper, a novel characterisation of the relation...

We examine the substantive arguments proposed by Kliman and Freeman (2006) in their reply to Mohun (2003). We find the temporal single-system interpretation (TSSI) seriously deficient.

Rosa Luxemburg's critique of Marx's Schemes of Reproduction is the only genuinely immanent critique of Marxian dynamics. But it needs to be brought up to date. To this end, in this paper it is placed in the context of more modern discussions of dual instability, in order to gain a better...

The concept of exploitation is central in social and political theory, but there is no precise, widely accepted definition. This paper analyses John Roemer’s seminal theory, which construes exploitation as a distributive injustice arising from asset inequalities, with no reference to notions...

Reorienting economics analyses many important issues in the social sciences. This paper focuses on Lawson’s key methodological and epistemological claims concerning the role of mathematics in social theory. Lawson provides several forceful criticisms of the search of mathematical rigour for...

This paper critically evaluates a recent contribution by Kliman and Freeman (2009). It is argued that none of their arguments dispel previous criticisms of the temporal single system interpretation�(TSSI). Indeed the paper confirms the suggestions of many critics that, as the missing parts of...

This paper provides empirical support for an interpretation of the Goodwin growth cycle as isolating the main forces underlying distributive conflict, but in a fragile symbiotic mechanism because of endogenous forces that modify the balance of class power. Goodwin cycles are the shorter run...

In a recent contribution on this journal, Matsuo (2009) has provided an interesting argument to refute the Generalised Commodity Exploitation Theorem (GCET), by highlighting a potential asymmetry between labour and other commodities. In this paper, a novel characterisation of the relation...