Marx expected the socialist revolution to take place in a highly industrialized society. In his theory the creation of the industrial society was the “historical task” of Capitalism. The “historical task” of Socialism was the equitable distribution of the fruits of industrialization....

To many economists, not to mention all central bankers, inflation is considered to be public enemy number one. This paper seeks to understand why inflation should be so despised. To escape from simultaneous restrictions a temporal single system (TSS) approach is employed. Firstly a simple...

The major reason for the divergence of views regarding the definition of productive labour is the fact that the concept is viewed from different perspectives. For example, neoclassical economists see a world comprised of atomistic and selfish individuals. In this world, any kind of labour...

The title is intentionally facetious, rhetorical and to be taken cum grano salis. For certain ones prone to confusing fact with fancy, the events in the USSR of 1989 and the appearance of John Paul II’s Centesimus Annus on the heels thereof respectively sounded the death‐knell for Marx’s...

Hegelian ideas are used to explain the success of Lenin. Hegel′s account of the World Historical Individual may be especially relevant at this time because the dialectic between decentralised grassroots politics and the need for strong central authority not only figured in the rise of Napoleon...