Post by: Alan Freeman

EconoFiction

Introduction to Michel Husson’s ‘Value and price: a critique of neo-Ricardian claims’

12 Nov , 2018  

Michel Husson originally published this landmark article in French as Manuel Perez (1980). This translation makes this historic work accessible to Anglophone readers. It thus offers a new generation of Marx scholars a resource which academic Marxism has rejected, except for a minority tradition in which this article played a ...

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EconoFiction

On internal causes in capitalism

4 Jun , 2018  

Abstract
What is the difference between endogenous and exogenous cause? Or, as earlier writers refer  to the issue, causes that are ‘internal’ and causes that are ‘external’ to capitalism? Economics  tends to play fast and loose with the term; an unintended side-effect of the econometrics revolution is that, in the ...

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EconoFiction

Der Unbehagen der Marxisten. Crisis, finance, and the falling rate of profit

5 Mai , 2018  

Alan Freeman, Geopolitical Economy Research Group, University of Manitoba
afreeman@iwgvt.org
www.geopoliticaleconomy.org
5 May, 2018

Nichts ist schwerer und nichts erfordert mehr Charakter, als sich in offenem Gegensatz zu seiner Zeit zu befinden und laut zu sagen: Nein.
– Tucholsky

Zu sagen was ist, bleibt die revolutionärste Tat.
– Luxemburg

I’ll ...

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EconoFiction

Self-imposed division, overlooked continuity: Marx, Keynes and the Rate of Profit

9 Feb , 2018  

Abstract
This paper was presented to the World Keynes Conference in Denizli, Turkey. Its purpose is to analyse the conditions for a stable exit from Long Depressions, in line with the programme of research outlined in my chapter for the forthcoming book, edited by Turan Subasat and John Weeks, and ...

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Documentation, EconoFiction

Ernest Mandel’s contribution to Economic Dynamics

12 Sep , 2017  

Ernest Mandel’s contribution to  Marxist economic theory, made in the late sixties and early seventies, was in its time without equal. He rescued from oblivion the most central concept available to us today in explaining the dynamics of uneven development and crisis  – Marx’s concept of surplus profit. By analysing ...

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EconoFiction

WHAT MAKES THE US PROFIT RATE FALL ?

28 Jun , 2017  

Since world war II there have been two quite distinct phases of world growth. In about 1965, a long slowdown set in which has still not ended. Robert Brenner (2002, 2003) has re-ignited the debate about its causes, claiming that nothing in either present or past economic theory explains it. ...

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EconoFiction

THE PROFIT RATE IN THE PRESENCE OF FINANCIAL MARKETS: A NECESSARY CORRECTION

6 Apr , 2016  

… Most commentators agree on one point: that financial firms do not produce value but appropriate it from value produced elsewhere. They are in some sense not ‘normal capitalists’. This is true, but they do not function without capital. The unaddressed  question is: what does this consist of? The answer ...

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