Author’s Note: The following is an abridged and edited passage from the first chapter of my Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism, published by Haymarket Books in 2019 ...
Marxian economics, derived from Karl Marx's seminal works, critiques capitalism's treatment of labor, arguing that it exploits workers and undervalues their contributions. This school of thought ...
One of the most common phrases to be heard from those on “the left” is the assertion that someone or some public policy is or is not on “the right side of history.” It has almost become a mantra by ...
Michael Heinrich’s recent Monthly Review article claims that the law of the tendential fall in the rate of profit (LTFRP) was not proved by Marx and cannot be proved. Heinrich also argues that Marx ...
Exposition and refutation of the transformation problem of Bortkiewicz, dating from 1922 (Under the Banner of Marxism, no.7-8, p.145-153). Submitted by Noa Rodman on December 31, 2014 Copied to ...
Cambridge Journal of Economics, Vol. 40, No. 3 (May 2016), pp. 913-939 (27 pages) This article distinguishes between two types of division of labour discussed by Smith. The ...
What you need to know about the Karl Marx theory Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading ...
Marx tells us the revolution will be decentralized. The Have-nots will tire of the great inequity of capitalism, and the few thousand Haves will suffer from the worldwide rebellion they encouraged ...
Until comparatively recently, with the slight exception perhaps of certain pockets within the academy, it was a general tendency among educated people as well, even those of radical temper, to put ...
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