This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post" view on the matter and rather looks at the output side of the respective authors, but not at the input side. This means no attempt is made at studying in a systematic way, if and...

A formalisation of Elster's interpretation of Marx's theory of revolution is presented in terms of a one sector model with continuous substitution, land as a factor of production and a particular population theory. A justification for calling such a model Marxian is given. Then, it is shown that...

Both Rosa Luxemburg and Michal Kalecki utilised Marx’s scheme’s or reproduction as the starting point of their analysis of economic dynamics. However, Luxemburg did not realise that they were not meant to serve as models of capitalist growth, but rather to show that the conditions for stable...

Este artigo apresenta um esboço da biografia de David Riazanov, discutindo sua participação na vida política e intelectual russa e, em especial, seu papel na descoberta e publicação do legado literário de Karl Marx e Friedrich Engels, que culminou na primeira tentativa de editar as obras...

This article presents an outline of the biography of David Riazanov. The article discusses Riazanov’s participation in the political and intellectual life of Russia, and his role in the discovery and the publication of the literary legacy of Karl Marx and Friedrich Engels, which culminated in...

This paper examines Marx's views on globalization and its supposed inevitability, and contends that they underwent a substantial evolution and revision after the publication of the Communist Manifesto. In the case of China, a prime example of the Asiatic mode of production, Marx even doubted...

Keynes originally published his Essays in Biography in 1933. After his death, Rupert Hart-Davies reprinted the volume, adding, with the help of Sir Geoffrey Keynes (Keynes's brother), “three of the more important of Keynes's later writings – the essays on … Jevons and Newton and his...

The publication of János Kornai's memoirs, By Force of Thought, provides an excellent opportunity to remind ourselves of Kornai's great contributions to economic research. This paper discusses both his basic research strategy and some of his main research results. Kornai has usually dealt with...

Today, Karl Marx is considered one of the preeminent social scientists of the last two centuries, and ranks among the most frequently assigned authors in university syllabi. However in Marx's time, many competing sociological traditions and socialist political movements espoused similar ideas...