Author’s Note: The following is an abridged and edited passage from the first chapter of my Invisible Leviathan: Marx’s Law of Value in the Twilight of Capitalism, published by Haymarket Books in 2019 ...
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Carl Menger: The man who shattered Marx, mentored a prince, and rewrote capitalism’s rulebook
In 1867, Europe’s intellectual elite was captivated by Marx’s Das Kapital. Meanwhile, no one had heard of 31-year-old Carl ...
How should Marxism, broadly understood, approach law, regulation, and the administrative state—conceptually as well as strategically? Socialists have always been of two minds when confronted with the ...
The three essays here presented have been selected and translated from the economic-philosophical manuscripts written by Marx in 1844 and collected in the Marx-Engels Gesamtausgabe, Bd. 1, Abt. 3 ...
Paul Mattick, Business As Usual: The Economic Crisis and the Failure of Capitalism. London: Reaktion Books, 2011. David McNally, Global Slump: The Economics and Politics of Crisis and Resistance.
Karl Marx’s economic theory is founded on the labour theory of value. In Marx’s Theory of Value at the Frontiers, Güney Işıkara and Patrick Mokre make a valuable contribution to Marxist economics, ...
The economic theories of both Karl Marx and Arthur Laffer are largely considered incorrect by mainstream economists. Laffer's theory, known as the Laffer Curve, incorrectly predicted that tax cuts ...
No modern development in antitrust law is more striking than the global acceptance of a norm that condemns cartels as the market’s most dangerous competitive vice. As the 1990s began, only the United ...
Marx tells us the revolution will be decentralized. The Have-nots will tire of the great inequity of capitalism, and the few thousand Haves will suffer from the worldwide rebellion they encouraged ...
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