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Understanding Capitalism provides an introduction to economics with extensive attention to the global economy, inequality, the information revolution, the exercise of power and the historical… (More)
Karl Marx went on record as ruling out any role for the market in a socialist economy. ‘Within the cooperative society based on common ownership of the means of production’, he wrote, ‘the producers… (More)
Ever since the behavioral revolution reached Communist studies more than 2 decades ago, Western scholarship has tended to ignore the powerful and unwieldy institutional structure of the Soviet… (More)
This article presents a Marxist critique of the Cambridge school, focussing particularly on the work of Piero Sraffa and Joan Robinson. Taking issue with those who see Cambridge economics as a… (More)
Socialism has historically been biased against the free market. From its origins as a reaction to laissez-faire capitalism to its elaboration by Marx and Engels, socialism was thought to be the… (More)
Introduction, 644. — The economics paradigm, 647. — The Marxian paradigm, 652. — Conclusion, 656.