Analytical Marxism has recommended that Marxian theory should conform to 'normal' scientific methods and that this should involve the development of microfoundations. The latter has involved the adoption of rational choice theory and its corresponding assumptions regarding agents' behaviour....

This paper contributes to our understanding of the determinants and dynamics of surplus-value using quarterly UK data, 1955--2010, and the Johansen (1988, 1991) cointegration and vector error correction model (VECM). A model is introduced to define this Marxian concept, before we explain...

This paper contributes to our understanding of the determinants and dynamics of a Marxian surplus-value rate using quarterly UK data, 1955-2010, and the Johansen (1988, 1991) cointegration and vector error correction model (VECM). A conceptual model is introduced to define surplus-value and its...

The purpose of this paper is to outline how a traditional learning format the reading group was used to deliver a third-year political economy module (Critique of Political Economy). We begin by outlining the module delivery which is student-centred and where assessment is via presentations. The...

This paper discusses the philosophical foundations of game-theoretic Marxism. Initially the reductionist pretensions of analytical Marxism, which has practised game-theoretic Marxism, are considered and rejected. After advancing an anti-reductionist game-theoretic formulation of Marx’s...