This paper suggests an explanation for the heavy trading volume observed on the US capital markets, the world's largest. Heterodox economic theory puts much of this volume down to speculation. Mainstream theory tends to support this thesis, either directly or indirectly, by giving space to the...

Adopting the view that Marx's notion of 'commodity' has a wider reach than is usually supposed, and that it is this notion, rather than a 'labour theory of value' that is the cornerstone of his economic theory, this paper shows that Marx's account of capitalist exploitation is one that accords...

The subject of this paper is the contemporary postcolonial condition. Its central argument is that this condition is one of perpetual entrapment in circular motion as any progression registered by postcolonial countries by participating in the global capitalist system as independent states is...