Controversy has prevailed since the problem of "transforming" values into prices first emerged in the late 19th century. Progress has, regrettably, been hampered by attempts to "vindicate" Marx's work exactly, rather than treating him as a pioneer upon whom his successors must build, using the...

Interest in socialism is growing throughout the world. But "socialism" too often simply means belief in equality, democracy, and solidarity with working and oppressed people. That vision remains crucial; but we also need to re-develop the theory of a socialist system -not just a middle path, a...

Stadial (stage-based) theory clarifies the relation between the evolving conception of mature socialism, on the one hand, and historical experiences of central planning and “market socialism,†on the other. The core of mature socialism is a system of multilevel democratic iterative...

Marxist categories — especially those of "capital" and "class" — are employed in a critical examination of two propositions: that capitalist pro duction relations, in a "state-capitalist" form, exist currently in the USSR: and that a novel "bureaucratic-exploitative" mode of...