Reinstating the dialectic in Marx's account of capitalism is argued to be the best way of maintaining its coherence after the Sraffian critique. The key to this involves purging any reliance upon any autonomous labor-value substructure underlying prices and money. It is shown that adopting this...

The accounting for business combinations has long been one of the most controversial financial reporting issues, generating numerous opinions and interpretations by the American Institute of Certified Public Accountants (AICPA), Financial Accounting Standard Board (FASB), Securities and Exchange...

Economic orthodoxy has but a minimal interest in methodology. Heterodoxy is suspicious of dialectics. As exemplified recently in a book by John Rosenthal, even Marxism likes to eschew the notion of any more than a residual Hegelian influence in Marx and Marxist discourse. Bouncing off...

This paper argues, contrary to the standard interpretation, that money in Marx's theory is tied neither to bullion nor to any commodity basis. It is rather the sole social form of value autonomous from use-value. This is demonstrated by reference to Marx's account of the social functions of...