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Marxian perspectives and modern political economy. (introduction to special issue)
December 1, 1989... Introduction
Central to any study of science is the matter of the inception and reception of ideas. Regarding the inception of ideas in economics, with the exception of a few historians of economic thought and even fewer writers in the...
On Marx's interpretation of Ricardo: a note. (Karl Marx, David Ricardo)
December 1, 1989... 1. Introduction
In the study of the relationship between Ricardo and Marx, attention is traditionally concentrated on the criticism addressed by Marx to Ricardo [e.g., Bortkiewicz, 1952; Steedman, 1982] to the neglect of another important...
Different divisions of capital in Smith, Ricardo, and Marx. (Adam Smith, Karl Marx, David Ricardo)
December 1, 1989... I. Introduction
In some central chapters of Volume II of Capital, Marx discussed the distinction between fixed and circulating capital (henceforth, the f-c distinction) as opposed to the distinction between constant and variable capital...
Kalecki and Marx on effective demand. (Michal Kalecki, Karl Marx)
December 1, 1989... I. Introduction
Among the questions left open by Marx, the most controversial ones-and still of great interest today-concern the relationship between values and prices of production, and the problem of effective demand; i.e., the two...
Marx and Keynes: alternative views on capitalism? (John Maynard Keynes, Karl Marx)
December 1, 1989... I. Introduction
Throughout their careers, John Maynard Keynes and Karl Marx were absorbed in studies of capitalism; studies that resulted in their formulation of firm views on the system. Although it has been said that "Keynes and Marx,...
Analytic and political elements in exegesis of Marx's social economics. (Karl Marx)
December 1, 1989... Marx's...system of doctrines... differs characteristically
from all systems of theory that had preceded
it, both in its premises and in its aims. The
(hostile) critics of Marx have not sufficiently
appreciated the radical...
The meaning and significance of the transformation problem: two contrasting approaches. (Karl Marx's labor theory of value)
December 1, 1989... The "transformation problem" is at the heart of the Marxian labor theory of value. The topic has always been the subject of sharp controversy. The controversy reflects not only the general ideological conflicts that surround all Marxist ideas,...
Marx's law of profit: the current state of the controversy. (Karl Marx)
December 1, 1989... Marx's law, of profit has stimulated considerable debate [Brewer, 1984,1-). 145; Fine and Harris, 1979, p. 581 and is seen by many as critical to the broader controversy regarding the scientific content of Marx's work [Laibman, 1982, p. 95]....
Theories of value and price in contemporary Chinese Marxism.
December 1, 1989... I. Introduction
The last decade has witnessed a liberalization of academic debate in China. I As a result, Chinese economists have begun to question the foundations of socialist theories of value and price. It is the purpose of this paper...
Balance of Payments Adjustment, 1945 to 1986: the IMF Experience.
December 1, 1989... This book on the IMF experience in adjustment by retired Fund Historian Margaret De Vries is the most reliable one volume record now available on international monetary affairs between 1945 and 1986. It excels as a primary reference source on...
The Distorted World of Soviet-Type Economies.
December 1, 1989... Scholars both in the East and the West agree that centrally planned, administratively directed economies are seriously underproductive and underefficient. Mikhail Gorbachev and his counterparts in Eastern Europe believe that these deficiencies...
The responsiveness of heavy vehicle registrations to local tax differentials.
December 1, 1989... In an earlier issue of this journal, Pratt and Hoffer [AEJ, September 1985, pp. 95-6] report results showing that registrations of heavy vehicle are unresponsive to interstate variations in registration fees and vehicle taxes. They attribute...