John Milios

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

Capitalism was always, and will never cease to be exploitative, domineering, speculative. But it will not disintegrate or decay due to its exploitative, domineering, speculative character, certainly not due to the supposedly specifically “predatory” function of the financial sphere –

Value, Fictitious Capital and Finance.The timeliness of Karl Marx’s Capital

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

This paper argues that the conception of ‘money endogeneity’ formulated and defended by Post-Keynesian economists can be founded on a coherent and theoretically sound way only on the basis of Marx’s theory of value, which the author comprehends as the

On the Question of Money Endogeneity: Marx vs. the Post-Keynesians

“Third Persons” and Reproduction: A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes

“Third Persons” and Reproduction: A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes George Economakis and John Miliosi Abstract The aim of the present paper is to critically present Rosa Luxemburg’s critique to Marx’s reproduction schemes of a pure

“Third Persons” and Reproduction: A Note to R. Luxemburg’s Critique of Marx’s Reproduction Schemes

Demystifying Finance: How to understand financialization and think of strategies for a good society

Dimitris P. Sotiropoulos John Milios & Spyros Lapatsioras Introduction In a recent special report of the Economist on financial risk it was argued that “the idea that markets can be left to police themselves turned out to be the world’s

Demystifying Finance: How to understand financialization and think of strategies for a good society

150 years Karl Marx’s “Capital” Reflections for the 21st century

INTERNATIONAL CONFERENCE 14-15.1.2017 Olympia Hall – Garden of Zappio- Athens – Greece According to the above argumentation, the ‘products’ of financial innovation, even during the period just before the crisis when derivatives spiked, should not be considered as products of

150 years Karl Marx’s “Capital” Reflections for the 21st century

Heterodox Economics vis-à-vis Crisis and Finance. Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

The 2007-2008 financial crisis is without precedent in the post-war period, a fact acknowledged by the majority of economists. At the same time, the crisis is a ‘marginal moment’ which unveils and helps us rethink the workings of contemporary capitalism.

Heterodox Economics vis-à-vis Crisis and Finance. Speculation of the ‘absentee rentier’ or Mechanism of disciplining social action?

The Origins of Capitalism as a Social System

Chapter 1 highlights the fundamental characteristics that, in their interconnectedness, distinguish capitalism from all other social systems: (i) wage labour, (ii) monetization of the whole economy (money-begetting money), (iii) concentration of the means of production and dissociation of the capitalist

The Origins of Capitalism as a Social System

Internationalisierung des Kapitals und Nationalstaat.

Internationalisierung des Kapitals, Gesamtkapital und Nationalstaat Der Begriff “Internationalisierung des Kapitals” impliziert in der marxistischen Theorie zwei verschiedene Interpretationen der kapitalistischen Weltwirtschaft: Die meisten Analysen verstehen sie als einen Ausdruck des internationalen Charakters der Kapitalbeziehung; die kapitalistische Weltökonomie wird als

Internationalisierung des Kapitals und Nationalstaat.

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