crisis

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)

The Working Class and the Middle Classes in the Greek Economic Crisis: Allies in a Common Anti-Neoliberal Strategy?

George Economakis and John Milios ABSTRACT On the basis of a Marxist analysis of capitalist relations of classpower and the class configuration in contemporary advanced capitalist societies, the paper investigates the consequences of the recent economic crisis and of the …

The Working Class and the Middle Classes in the Greek Economic Crisis: Allies in a Common Anti-Neoliberal Strategy?

The Decline of Science, The Decline of Capitalism

Can another Einstein exist in this era?  A better question  is whether  the spirit of his  research program could emerge again in our current predicament. By his research program, I mean the activity that grasped through a few thought experiments …

The Decline of Science, The Decline of Capitalism

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?

Crisis

While the three volumes of Capital as well as the Grundrisse refer explicitly to crisis on various occasions, these often promise a later systematic treatment which never arrives. Marx’s own 1857 plan, not simply unfinished but abandoned, proposed six volumes …

Crisis

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