EconoFiction, Lexicon

Subsumption and Crisis

9 Jul , 2018  

Though it has various senses in general usage,  subsumption  is a term of art within Marx’s critical political economy. It is sub-divided into  formal subsumption and  real subsumption . These designate changes to the production process during the transition to, and ongoing development of capitalism. These changes in aggregate may
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EconoFiction

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

28 Nov , 2017  

 

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 capitalist economy in Volume 2 of Capital, as a point of departure in order to afterwards criticize the main postulate of (Marxist) ...

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