This paper studies the origin of Piketty's inequality between the profit rate (r) and the growth rate of the national income (g) by focusing on the growth rate (gamma) of the r⁄g ratio in an economy that grows gradually along a succession of production cycles. It is shown that, given a...

The following paper presents a model that indicates the relevance of intra-capitalist competition when studying the evolution of the rate of profit. The model explains how the tendency of the rate of profit to fall may emerge in a form of competition not usually studied by previous Marxian...

Russian Abstract: Социальное неравенство между городским населением и жителями сельской местности в России является очевидным. Российская общественная мысль...

Firms establish political connections when they either donate money to the political parties or appoint politicians on the board of directors of the company. These political connections are found to facilitate access to credit, among various other things. Creating a new and unique dataset of...

Neoliberalism eviscerated the value-sharing ethos of the post-war Golden Age (1945-73), seeking to maintain social cohesion in civil society by 'managing the discontent of the losers'. This involved reconciling working households to the realities of the neoliberal labour market by means of...

A vision of universalised human freedom, equality, security and democracy emerged in the wake of the Scientific Revolution and the Enlightenment, the British Industrial Revolution, and the French Revolution. This vision, not even approximately practicable at the time, is now well within reach. A...

This paper reviews the recent literature on exploitation. It distinguishes between three main species of exploitation theory: (1) teleology-based, including harm and mutual benefit accounts, (2) respect-based, including mere means, force, rights, and fairness accounts, and (3) freedom-based,...

French Abstract: Un accroissement du taux de profit dans la théorie de Sraffa -toutes choses égales par ailleurs- peut avoir comme conséquence la diminution du volumen des profits correspondant a certaines branches industrielles. Ceci impose des restrictions a la definition de la bourgeoisie...

French Abstract: Dans cet article nous montrons d'abord que, contrairement à un résultat de Sraffa, il est possible - sous certaines conditions - de définir plusieurs marchandises homothétiques sur la base du même système de production originel. Cela nous permet de montrer que le prix...