An Introduction to the three volums of Karl Marx`s
... sort of conspiracy of the “ruling class” against the rest of society. The existence of a ruling class, opposed to a “ruled” and “exploited” class, might be a surprise for a conservative social studies teacher who only knows “citizens,” but this fact alone doesn’t say very much. All soci eties that ...
... sort of conspiracy of the “ruling class” against the rest of society. The existence of a ruling class, opposed to a “ruled” and “exploited” class, might be a surprise for a conservative social studies teacher who only knows “citizens,” but this fact alone doesn’t say very much. All soci eties that ...
CHAPTER VIII
... converges towards the value of labour power, which depends on “historical and moral” factors and which can change over the medium or long term. However, in Marx’s analysis, changes in the real wage and in the rate of surplus value appear to be determined exclusively in the labour market. Let us ...
... converges towards the value of labour power, which depends on “historical and moral” factors and which can change over the medium or long term. However, in Marx’s analysis, changes in the real wage and in the rate of surplus value appear to be determined exclusively in the labour market. Let us ...
Input–Output Analysis from a Wider Perspective: a Comparison of
... that the Scotsman was concerned with ‘that physical, truly natural relation between commodities’ (D3/12/11: 83). He also used the term ‘physical value’ of products and insisted that it ‘is equal to what has been consumed’ (D3/12/1: 5; see also D3/12/10: 54). The idea expressed in feature (4) can be ...
... that the Scotsman was concerned with ‘that physical, truly natural relation between commodities’ (D3/12/11: 83). He also used the term ‘physical value’ of products and insisted that it ‘is equal to what has been consumed’ (D3/12/1: 5; see also D3/12/10: 54). The idea expressed in feature (4) can be ...
A closer look at the economic problem
... higher rentals. In these cases clean air and sunshine are economic goods rather than free goods. All the gifts of nature are sometimes regarded as free goods, since they are not produced by humans. But in many instances it requires effort and cost to make them useful to humans. Minerals have to be m ...
... higher rentals. In these cases clean air and sunshine are economic goods rather than free goods. All the gifts of nature are sometimes regarded as free goods, since they are not produced by humans. But in many instances it requires effort and cost to make them useful to humans. Minerals have to be m ...
Marxism and the Failure of Environmental Protection in Eastern
... deprived of water because this is only brought to their houses if someone is prepared to defray the cost of laying the pipes. River water is so dirty as to be useless for cleansing purposes. The poor are forced to throw into the streets all their sweepings, garbage, dirty water, and frequently even ...
... deprived of water because this is only brought to their houses if someone is prepared to defray the cost of laying the pipes. River water is so dirty as to be useless for cleansing purposes. The poor are forced to throw into the streets all their sweepings, garbage, dirty water, and frequently even ...
The Commodity Nature of Labor-Power
... claim that in their conception the value of labor-power still represents a share of the total abstract labor performed, it is self-evident that a “value” that is not the objectification of the social determinations of the material production process of the commodity that acts as its “bearer,” can ha ...
... claim that in their conception the value of labor-power still represents a share of the total abstract labor performed, it is self-evident that a “value” that is not the objectification of the social determinations of the material production process of the commodity that acts as its “bearer,” can ha ...
The commodity nature of labour-power
... claim that in their conception the value of labor-power still represents a share of the total abstract labor performed, it is self-evident that a “value” that is not the objectification of the social determinations of the material production process of the commodity that acts as its “bearer,” can ha ...
... claim that in their conception the value of labor-power still represents a share of the total abstract labor performed, it is self-evident that a “value” that is not the objectification of the social determinations of the material production process of the commodity that acts as its “bearer,” can ha ...
Marx`s Theory of the Money Commodity
... the utopian socialists and British Owenites with exaggerating the potential of monetary reforms to alter the social system. They falsely imagined that the defects of the economic system could be removed by tinkering with money, just as the ‘bourgeois apologists’ Bastiat and Carey did, even if in a d ...
... the utopian socialists and British Owenites with exaggerating the potential of monetary reforms to alter the social system. They falsely imagined that the defects of the economic system could be removed by tinkering with money, just as the ‘bourgeois apologists’ Bastiat and Carey did, even if in a d ...
4. Valuing the land – how to measure land values
... go in LVT. In other words, the market value of the site in rental terms would fall from £10,000 to £8,000. However, the total land value of the site would remain £10,000. It is just that £2,000, out of the £10,000, would now go to the community as a whole – that is those responsible for creating the ...
... go in LVT. In other words, the market value of the site in rental terms would fall from £10,000 to £8,000. However, the total land value of the site would remain £10,000. It is just that £2,000, out of the £10,000, would now go to the community as a whole – that is those responsible for creating the ...
Institutional Marxian Political Economy: A Conceptual Marriage
... capitalist economies would follow the pattern of British capitalist development. Thus Marx’s historical and theoretical political economy was established with his belief that all capitalist economies eventually converge to the pure capitalism. Marx did not foresee the historical evolution of the cap ...
... capitalist economies would follow the pattern of British capitalist development. Thus Marx’s historical and theoretical political economy was established with his belief that all capitalist economies eventually converge to the pure capitalism. Marx did not foresee the historical evolution of the cap ...
- Wiley Online Library
... production process. This means that customers cannot consciously ‘reward’ or compensate any inputted resources, or any suppliers of those resources (we take up this point later). We could note here that this argument differs from other approaches, notably Hunt’s (1995, p. 323), who states that perce ...
... production process. This means that customers cannot consciously ‘reward’ or compensate any inputted resources, or any suppliers of those resources (we take up this point later). We could note here that this argument differs from other approaches, notably Hunt’s (1995, p. 323), who states that perce ...
Ryle and Marx on Absurdities
... “economic manuscripts”. As one of the major classical social theories, I believe it is wide enough in scope to provide ample material for methodological analysis. Moreover, it explicitly states its “critical” aims: the subtitle of Capital reads “A Critique of Political Economy”.1 As I shall try to ...
... “economic manuscripts”. As one of the major classical social theories, I believe it is wide enough in scope to provide ample material for methodological analysis. Moreover, it explicitly states its “critical” aims: the subtitle of Capital reads “A Critique of Political Economy”.1 As I shall try to ...
how not to write about the rate of profit
... Quite aside from the obvious muddle between the rate of profit and its mass, the supposed indeterminacy of profit rates implies that any tendency towards overaccumulation must be relative to consumption rather than profitability. Harvey’s method and Marx’s No doubt we can all deepen our understandin ...
... Quite aside from the obvious muddle between the rate of profit and its mass, the supposed indeterminacy of profit rates implies that any tendency towards overaccumulation must be relative to consumption rather than profitability. Harvey’s method and Marx’s No doubt we can all deepen our understandin ...
Beyond the 2008 Financial “Crisis”
... Marx observes an initial “use-value” in the commodity-object which is “outside us”: “A commodity, such as iron, corn…is therefore a use-value, something useful.” The use-value of the commodity “satisfied human wants of some sort of another.” Marx’s economic object arrives after it has achieved use-v ...
... Marx observes an initial “use-value” in the commodity-object which is “outside us”: “A commodity, such as iron, corn…is therefore a use-value, something useful.” The use-value of the commodity “satisfied human wants of some sort of another.” Marx’s economic object arrives after it has achieved use-v ...
MARX, CLASSICAL POLITICAL ECONOMY AND THE PROBLEM
... determination of the supply curve, given quantities and prices . In the light of this H .L . Moore, quite correctly, characterised Marshall's method of study as "static and limited to functions of one variable" . [7] ) .B . Clark, the influential American theorist of a generation ago, did, in Schump ...
... determination of the supply curve, given quantities and prices . In the light of this H .L . Moore, quite correctly, characterised Marshall's method of study as "static and limited to functions of one variable" . [7] ) .B . Clark, the influential American theorist of a generation ago, did, in Schump ...
Marx on capitalist crisis
... Fourthly: "Since the circulation process of capital is not completed in one day but extends over a fairly long period... it is quite clear that between the starting-point.. and... the end... elements of crisis must have gathered and develop" (p.495). If all capitalist decisions to order or commissio ...
... Fourthly: "Since the circulation process of capital is not completed in one day but extends over a fairly long period... it is quite clear that between the starting-point.. and... the end... elements of crisis must have gathered and develop" (p.495). If all capitalist decisions to order or commissio ...
Louis Althusser and the Forms of Concealment of Capitalist
... Our view, commencing rather from Rancière’s analysis, incorporates the concept of fetishism into the theory of ideology and does not reject it as an idealistic construction. This, precisely, is how it succeeds in identifying the actual idealism that pervades many of the anthropological readings of t ...
... Our view, commencing rather from Rancière’s analysis, incorporates the concept of fetishism into the theory of ideology and does not reject it as an idealistic construction. This, precisely, is how it succeeds in identifying the actual idealism that pervades many of the anthropological readings of t ...
The Relation between Marxism and Critical
... close attention to the question of where an investigation of capitalist society should begin. See [Car75, p. 89]. Does critical realism share this concern about the starting point? As far as the broad lines of the argument are concerned, the starting point is extremely important for critical realism ...
... close attention to the question of where an investigation of capitalist society should begin. See [Car75, p. 89]. Does critical realism share this concern about the starting point? As far as the broad lines of the argument are concerned, the starting point is extremely important for critical realism ...
Has Burczak Shown How Socialism Can Survive Hayek?
... In any case, while Marx may have supported worker management, and possibly even some sort of markets over planning under certain circumstances, the evidence is strong that he preferred state ownership to cooperatives, and did not view the latter as fully socialist. This leaves some space between Ma ...
... In any case, while Marx may have supported worker management, and possibly even some sort of markets over planning under certain circumstances, the evidence is strong that he preferred state ownership to cooperatives, and did not view the latter as fully socialist. This leaves some space between Ma ...
THE JOURNAL OF INDIAN PHILOSOPHER
... Capitalism is defined as a social and economic system where capital assets are mainly owned and controlled by private persons, where labor is purchased for money wages, capital gains accrue to private owners, and the price mechanism is utilized to allocate capital goods between uses. The extent to w ...
... Capitalism is defined as a social and economic system where capital assets are mainly owned and controlled by private persons, where labor is purchased for money wages, capital gains accrue to private owners, and the price mechanism is utilized to allocate capital goods between uses. The extent to w ...
A Brief Overview of the Theory of Unequal Exchange and... Ayşe Özden Birkan Abstract
... German economist G.Kohlmey was denying the existence of an international rate of profit, the reasons being twofold(Raffer, 1987). Firstly, low wages, low prices of land and low organic composition of capital as well as high rates of exploitation imply that profit rates in the periphery will usually ...
... German economist G.Kohlmey was denying the existence of an international rate of profit, the reasons being twofold(Raffer, 1987). Firstly, low wages, low prices of land and low organic composition of capital as well as high rates of exploitation imply that profit rates in the periphery will usually ...
Underconsumption, Capitalist Investment and Crisis
... inequalities in the distribution of income generated by capitalism ultimately undermines the drive for capital accumulation by exacerbating problems of effective demand. In most renditions of underconsumption theory, the source of the problem of effective demand is identified as the restricted purch ...
... inequalities in the distribution of income generated by capitalism ultimately undermines the drive for capital accumulation by exacerbating problems of effective demand. In most renditions of underconsumption theory, the source of the problem of effective demand is identified as the restricted purch ...