Marxists tend to like the labor theory of value because it provides a vivid account of exploitation and highlights a basic ...

In other words, what important phenomena of capitalist economies can Marx’s theory based on the labor theory of value explain that other theories, especially Sraffian theory, cannot explain? Sections ...

Had Marx produced nothing more in his long years ... The real insight of a "labor theory of value" is not the determination of prices, but the identification of a kind of social system in which ...

18. Among Marx's sympathizers, there is a general belief that the labor theory of value is necessary to show and to prove exploitation in capitalism, as if the concrete conditions of laboring required ...

Guglielmo Carchedi and Michael Roberts’ new book offers a necessary counterpoint and challenge to dominant economic paradigms ...

(Author: Mark Lindley, Emeritus Professor of Eminence at Mahatma Gandhi Mission University, was formerly the University Chair Professor at the University of Hyderabad’s School of Economics and a ...

Careful attention to Marx’s exposition of the theory of the declining rate of profit demonstrates that his theory is not ...