Alan Freeman

THE WHOLE OF THE STORM MONEY, DEBT AND CRISIS IN THE CURRENT LONG DEPRESSION

This article investigates the mechanisms and causes of recessions and depressions, and their relation to the more spectacular financial crises which announce them. It demonstrates how the concept of the Monetary Expression of Labour Time (MELT) allows us to understand …

THE WHOLE OF THE STORM MONEY, DEBT AND CRISIS IN THE CURRENT LONG DEPRESSION

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

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 …

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

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

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 …

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

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

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 …

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

Ernest Mandel’s contribution to Economic Dynamics

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 …

Ernest Mandel’s contribution to Economic Dynamics

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

… 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 …

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

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