We deal with three subjects, namely, the presence of more than one rate of profit in an economy due to the existence of rents (absolute and monopoly rents); the subordination of the prices and the rate of profit (in price terms) to the real profit or net product, measured in value terms; and the...

This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...

This is a prepublication version of ‘Money, Labor, and Logic: A critical comparison’, published in Critique of Political Economy. Please cite as Freeman, A. 2011. ‘Money, Labor, and Logic: A critical comparison’, Critique of Political Economy No. 1. 152-175. The article seeks to promote...

In the present paper will work analytically the category of economic surplus. It will use the theoretical framework of technology system developed by Leontief to expose a clear form as to distinguish it from other concepts such as the net product.

Orwell's famous fictions, Animal Farm and Nineteen Eighty-Four criticized totalitarian forms of socialism from a Public Choice perspective, assuming that socialism would work as an economic system as long as the proper political institutions were in place to curb the potential for the abuse of...

George Orwell's famous fictions, Animal Farm and Nineteen-Eighty Four were intended to advocate democratic socialism by portraying undemocratic forms of socialism as totalitarian. For Orwell, democracy was a political institution which would limit the abuse of power. But there are several...

The economic crisis that inflicted Greece is international in character and its cause is in the decreasing profitability of capital which from a certain point onwards leads to the stagnation of profits, discourages new investment, reduces production and increases unemployment. If these are...

Marx’s theory of surplus-value is fundamental to his innovations in the theory of value and Classical Political Economy. When Marx’s theory of surplus-value is considered in the context of the long-period method, the dynamics of surplus-value and its importance to Marx’s overall framework...

This paper argues that the current episode of global imbalances is caused by the rise of neoliberalism. The paper employs the neo-Gramscian approach to understand the emergence and expansion of neoliberalism. The global imbalances have been the economic consequences of the rise of neoliberalism...

Conocer de manera profunda las relaciones de interdependencia de la estructura económica es de gran importancia en el ejercicio de diseño de políticas económicas. Este trabajo usa el modelo insumo-producto para el análisis de impacto. Se aplican dos enfoques no usados tradicionalmente para...