This paper is the first part of a Marxian critique of the theory of the firm, focusing on the analysis of labour values. Starting from Adam Smith's example of the deer hunter, marginal analysis is introduced, culminating in the derivation of the Labour Value Function, as the supply curve of the...

Marx made significant contributions to macroeconomics, laying the grounds for both Keynes's theory of aggregate demand and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin Hansen's theory of secular stagnation which has recently...

Spanish Abstract: Los autores explican cómo se confirma el teorema de Okishio en una economía capitalista en la cual se considera sólo el capital circulante y son dadas la tecnología y el salario real

Spanish Abstract: Este artículo estudia los efectos de los progresos técnicos sobre los precios, la distribución del ingreso y la tasa de ganancia en un modelo de producción simple (se produce un bien en cada rama industrial). Considera también las consecuencias de estos cambios sobre la...

“Marxism,” wrote the American legal historian William E. Nelson in 1985, “is not about to disappear as an attractive ideology or as a powerful political force in the world.” The prediction was not well timed. The Marxism of the socialist bloc was anything but an attractive ideology or 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,...

English Abstract: The article analyzes the phenomenon of ownership in its legal, economic, political and philosophical perspectives. Ownership is considered as an opportunity and as a guarantee of sustainable development. Comparative context is used to identify the specificity of the bourgeois...

This paper argues that recognition is, fundamentally, a relationship between a person and a reason. The recognizer acts for a reason, in the interpersonal case, only when she takes the recognizee's rational intentions—intentions whose content is favoured by reasons—as reasons. Free agency,...

This paper argues that exploitation is a form of domination, domination for self-enrichment. In a slogan, exploitation is a dividend of servitude – a benefit the powerful extract by converting the vulnerable into their servants. The paper argues that what makes exploitation wrong is that it...