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The Contingent Nature of the Revolution Predicted by Marx

Petith, Howard - 2001

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...

Persistent link: https://www.econbiz.de/10014141340

Theories of finance and financial crisis : lessons for the Great Recession

Dodig, Nina; Herr, Hansjörg - 2015

This paper presents an overview of different models which explain financial crises, with the aim of understanding economic developments during and possibly after the Great Recession. In the first part approaches based on efficient markets and rational expectations hypotheses are analyzed, which...

Persistent link: https://www.econbiz.de/10010491508

Finance and crisis : Marxian, institutionalist and circuitist approaches

Argitis, Georgios; Evans, Trevor; Michell, Jo; … - 2014

Most mainstream neoclassical economists completely failed to anticipate the crisis which broke in 2007 and 2008. There is however a long tradition of economic analysis which emphasises how growth in a capitalist economy leads to an accumulation of tensions and results in periodic crises. This...

Persistent link: https://www.econbiz.de/10010440240

The environmental aspect of “Making People Rich as the Top Priority” in China : a Marxian perspective

Faber, Malte; Petersen, Thomas - 2012

Income inequality in China is severe; measured by the Gini-coefficient it amounted to 0.46 in 2011; wealth distribution is even worse with 0.61. These disparities led to a major shift in emphasis of politics in general and of the Five-Year Plan for National Economic and Social Development by the...

Persistent link: https://www.econbiz.de/10009526191

Georg von Charasoff's theory of value, capital and prices of production

Huth, Thomas - 2013

Marxismus" (The system of Marxism) had been rediscovered by the Italian economists Gilibert and Egidi. It was then the second …

Persistent link: https://www.econbiz.de/10009763957

The Concept of Surplus in the Marxist Theory : Debates, Ruptures, and Perspectives

Santarcangelo, Juan - 2012

The concept of surplus is central in the analysis of capitalism. From the Marxian literature we can identify two main approaches: on the one hand, the concept of surplus developed by Marx based on the distribution of time worked between workers and capitalists; while on the other, the concept of...

Persistent link: https://www.econbiz.de/10013099946

Marxist Legal History

Tomlins, Christopher - 2017

“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 … Marxism, meanwhile, was enmeshed in its own deep theoretical crisis, impaled on the stake of materialist determination, and …

Persistent link: https://www.econbiz.de/10012941956

An Innovative Approach to Marx

Jossa, Bruno - 2014

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...

Persistent link: https://www.econbiz.de/10013040226

Marxism and the Critique of Social Rationality : From Surplus Value to the Politics of Technology

Feenberg, Andrew - 2010

The most effective way to silence criticism is a justification on the very terms of the likely critique. When an action is rationally justified, how can reason deny its legitimacy? This paper concerns critical strategies that have been employed for addressing the resistance of rationality to...

Persistent link: https://www.econbiz.de/10013148726

A history of the relationship between interest rate and profit rate in heterodox approaches

Zolea, Riccardo - In: International journal of political economy : a journal … 51 (2022) 2, pp. 121-136

Persistent link: https://www.econbiz.de/10013277469