[Part I] Archival evidence is extensively elaborated from Piero Sraffa’s papers establishing that his concept of surplus and deficit industries in Production of Commodities by Means of Commodities is quite indebted to Marx’s theory of exploitation. A simple analytical model is also...

This volume analyzes two decisive factors that have become embedded in the world spread of capitalism, a shift toward dominance of the financial sector, now entailing massive greed and calling into question whether the ‘rules’ of capitalism have been broken, and of global wage differentials...

[Part I] This volume begins with an introduction to Marx's theory of capitalism in his own words, with his examples modernized from use of shillings and pence as subdivisions of the Pound. [Part II] Well-known work in 1901 on the theory of crises in capitalism by Michael Tugan-Baranowsky is...

[Part I] This volume focuses on nationality's efficacy in much of world affairs, and on the background and current issues surrounding global crisis. As one of the most famous Marxist revolutionaries, Rosa Luxemburg vigorously promoted her own conceptions, often opposing Lenin, her contemporary....

[Part I] With a world balance of forces in tension, this volume slices the political map in two dimensions, the geographical dimension and the imperialism?socialism dimension ("socialism", of course, having widely varying meanings). As a region, Latin America is in the forefront of resistance to...

This paper argues that the current episode of global imbalances is caused by the rise of neoliberalism. The paper employs the neo-Gramscian approach to understand the emergence and expansion of neoliberalism. The global imbalances have been the economic consequences of the rise of neoliberalism...

Este artículo tiene como objetivo mostrar la aplicación que tiene la regla Cantillon-Smith en la teoría marxista de la plusvalía y en la teoría del equilibrio general. En ambas, la regla actúa como un mecanismo de formación de precios de mercado monetarios. Para tal fin, explicamos dos...

This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...