The paper sketches a coherent history of the choice of the measure standard from Adam Smith's Wealth of Nations to Sraffa's Production of Commodities. As neither the Smithian labour commanded unit nor the Ricardian-Marxian labour embodied one provide a general solution to the dilemma concerning...

Marx did not confine himself to criticising capitalism. He predicted the rise of a new mode of production which would take the place of capitalism and which he indifferently termed socialism or communism. In the light of this, the author thinks that even today those who do not envisage the...

Russian Abstract: В статье анализируются ошибочные аргументы Туган-Барановского, Борткевича и Стидмена, которые до сих пор используются критиками теории трансформации...

Italian Abstract: Il possibile nesso tra crisi economiche e quello che Marx e Hilferding chiamavano "centralizzazione" del capitale è uno dei temi sollevati dalla "grande recessione". L'articolo esamina i principali studi dedicati a tale nesso, confrontando la letteratura economica marxista e...

Suppose you propose to retrieve the means of production from the capitalist mode of production, turning them from alien forces conspiring against freedom into an expression of freedom. How might you do that? The question gives rise to a socialisation dilemma. The first horn of the dilemma,...

Austrian economist Ludwig Mises’s central role in the socialist calculation debates has been consensually acknowledged since the early 1920s. Yet, only recently, Nemeth, O’Neill, Uebel, and others have drawn particular attention to Mises’s pertinent encounter with one of the most colorful...

On 3rd November 2020, Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong was surprisingly suspended. In fact, there have been major shifts regarding China’s policies toward privately-owned enterprises (POEs) recently. This study aims to examine the factors...

Society is self-organising or re-creative in the sense that new emergent structures result from interactions of actors, these structures enable and constrain actions and stimulate further practices. Political self-organisation is a reflexive process where political agents co-ordinate their...

The paper offers a novel interpretation and affirmation of the opening arguments of Capital, answering the fundamental but neglected question of why labour is the substance of value. Marx's arguments require that two philosophical threads, often separated in the literature on value, be woven...