John Milios

The Middle Classes, Class Places, and Class Positions: A Critical Approach to Nicos Poulantzas’s Theory

Through a critical rereading of Marxist class theory, a reexamination of the borderline between the working and middle classes is undertaken, focusing on the classidentity of middle classes with respect to the question of class place and classposition. In this …

The Middle Classes, Class Places, and Class Positions: A Critical Approach to Nicos Poulantzas’s Theory

Commodity Fetishism vs. Capital Fetishism. Marx’s Reflections and Marxist Interpretations

… In this context, financial risk is calculated on the basis of particular fetishistic representations of the events and outcomes of class struggle. Risk is the way capitalist agents perceive the future from an ideological point of view. Risk is …

Commodity Fetishism vs. Capital Fetishism. Marx’s Reflections and Marxist Interpretations

Value Form and Abstract Labor in Marx: A Critical Review of Alfred Sohn-Rethel’s Notion of ‘Real Abstraction’

The Marxist concept of value is radically different from the Ricardian con-cept of value as ‘labor expended’. Unlike the Ricardian theory of value, the Marxist theory of value is a monetary theory. In the Marxist system, the value of a …

Value Form and Abstract Labor in Marx: A Critical Review of Alfred Sohn-Rethel’s Notion of ‘Real Abstraction’

ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL

The notion of capital overaccumulation, as constructed by Marx in Volume 3 of Capital on the basis of his “preliminary definition” of “absolute overproduction”, is considered in this paper as the key element of Marx’s crisis theory. Following what the …

ON MARX’S CRISIS THEORY IN THE ORIGINAL MANUSCRIPT OF THE 3RD VOLUME OF CAPITAL

Financialization:Market Discipline or Capital Discipline?

John Milios/ Dimitris P. Sotiropoulos A crucial aspect of nearly all contemporary approaches to imperialism is the idea that the domination of neoliberalism and of the globalized financial sector of the economy produces a predatory version of capitalism, a capitalism …

Financialization:Market Discipline or Capital Discipline?

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

John Milios Department of Humanities, Social Sciences and LawNational Technical Universityof Athens, GreeceEmail: john.milios@gmail.com Dimitris P. SotiropoulosDepartment of Sociology University of the Aegean, GreeceEmail: d.p.sotiropoulos@gmail.com Short description: When does a theory really die? In the history of economic thought, it …

Marx’s Monetary Theory of Value and Capital as a Critique of Classical Political Economy

After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?

… Financial markets generate a structure for overseeing the effectiveness of individual capitals, that is to say a type of supervision of capital movement. The demand for high financial value puts pressure on individual capitals (enterprises) for more1 intensive and …

After Brexit and Donald Trump: Is Nationalism challenging Neoliberalism?

“Socialist Planning” and Enterprise in the USSR, 1929-1989

The basic element of economic planning in “actually existing socialism” was aspecific kind of economic control exercised over enterprises by the state (in the formof the state planning agencies). This control derives from two sources: (a) the plan itself (which …

“Socialist Planning” and Enterprise in the USSR, 1929-1989

Marx’s Inquiry into the Birth of Capitalism: Why Does It Matter?

Differing approaches to the issue of the beginnings of capitalismimply different conceptualization of what capitalism is. This paperelaborates on the notion of original accumulation. It utilizes theMarxist notion of the mode of production to provide the conceptof the historicalfigure which …

Marx’s Inquiry into the Birth of Capitalism: Why Does It Matter?

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