Sraffa's elegant book transformed the treatment of prices of production. He showed that at a theoretical level prices of production and wage-profit curves were capable of complex movement, and the wage-profit frontiers could exhibit reswitching and reverse capital deepening. These results were...

"Value Without Fetish presents the first in-depth English-language study of the influential Japanese economist Uno Kōzō's (1897-1977) theory of 'pure capitalism' in the light of the method and object of Marx's Critique of Political Economy. A close analysis of the theories of value,...

Marx's and Keynes's analyses of capitalism complement each other well. In a rather general model including the public sector and international trade it is shown that the labour theory of value provides a sound foundation to reveal the factors influencing employment. Workers buy "necessaries" out...

The concept of commodity society based on a specific division of labour (opposition between private and social labour) and that of surplus-value are the most prominent achievements of Marx's intellectual efforts in dealing with the economy of capitalism. This paper attempts to evaluate the...

Le libéralisme est né comme une utopie au sens de Ricœur. De ce fait, utopie de la monarchie absolue, il est devenu l'idéologie du capitalisme. La pensée de Marx est avant tout une critique du capitalisme dont l'essentiel du propos porte sur les rapports sociaux au sein du capitalisme. Son...