Sraffa's elegant book transformed the treatment of prices of production. He showed that at a theoretical level prices of production and wage-profit curves were capable of complex movement, and the wage-profit frontiers could exhibit reswitching and reverse capital deepening. These results were...

This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...