Karl Marx’s labor theory of value has been on the periphery of the economic thought for already more than 100 years. Being a follower of Ricardo D., who, as many believe, never adhered to the labor theory of value (his theory is often called 93% theory of labor value), Marx contended that...

The article Are There Laws of Production? published in the American Economic Review in 1949 roused a great deal of interest among specialists, it has often been quoted and reprinted on several occasions. In the article Paul H. Douglas presented the results of his many years of studies. Having...

The move from the originate-to-hold to originate-to-distribute model of lending profoundly transformed the functioning of credit markets and weakened the natural asset transformation function performed by financial intermediaries for centuries. This shift also compromised the role of banks in...

Kondratieff waves are an interesting subject of study and describe present global economic developments. The Global Financial Crisis of 2009 and the present economic situation have parallels with the Great Depression of the 1930s. Twice-in-a-century events are occurring again. On the other hand,...

The analysis of long economic cycles allows us to understand long-term world-system dynamics, to develop forecasts, to explain crises of the past, as well as the current global economic crisis. The article offers an historical sketch of research on K-waves; it analyzes the nature of Kondratieff...

The space-time structure of monetary production economies behaves by the macro- and microscopic duality of long-term and short-term wave functions via helical growth. As the global financial crisis deepens, a methodical quantum leap towards world economic science is already in the scientific...