EconoFiction

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class, by D. Bryan and M. Rafferty, New York: Palgrave-MacMillan 2006. $ 85; pp. viii, 236 The book is a vitally interesting and innovative approach to finance, focusing on …

Capitalism with Derivatives. A Political Economy of Financial Derivatives, Capital and Class

A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)

This article sets out the foundatons of an axiomatc theory of value and money. Its purpose is to equip the public to explain the four facts that define the modern capitalist economy: the long-term post-war decline of the economies of …

A General Theory of Value and Money (Part 1: Foundations of an Axiomatic Theory)

Once again on the Composition of the International Working Class

Some additional information which confirm the shift away from the old imperialist countries towards the South as well as China Article (with 3 Graphs) by Michael Pröbsting, International Secretary of the Revolutionary Communist International Tendency (RCIT), 10 March 2020, www.thecommunists.net …

Once again on the Composition of the International Working Class

Black Box East: “Primitive Accumulation” of Capital and Memory, or How the Berlin Wall Fell in Yugoslavia

30 years have passed since the consequences of the fall of the Berlin Wall reached Yugoslavia: what has been by then seen as an enthusiastic wave of democratization and peaceful dismantling of socialism, has become much more troublesome and obscurantist …

Black Box East: “Primitive Accumulation” of Capital and Memory, or How the Berlin Wall Fell in Yugoslavia

Value Form and Abstract Labour in Marx. A critical review of Alfred Sohn-Rethel’s notion of “real abstraction“

University of Chicago, May 14, 2021. Marx defines the social homogenisation of individual production processes by introducing the term abstract labour. Labour has a dual nature – on the one hand it is concrete labour (labour which produces a concrete …

Value Form and Abstract Labour in Marx. A critical review of Alfred Sohn-Rethel’s notion of “real abstraction“

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