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Sraffa (1960) is an epoch-making book. It is a part of a demonstration that neoclassical economic theory is incoherent and incorrect.
Ian Steedman created a stir in the 1970s. He turns Sraffa's theory against some aspects of Marx's theory of value. He argu...
I have been reading Steve Keen's 1990 doctoral thesis. As I understand it, Marx explains the origin of surplus value, in Capital, by the distinction between the use value and exchange value of labor power. The use value is the labor expended under the capitalist's direction. Thi...
I recently stumbled across the podcast Econoclasts. Usually, he co-hosts with the Wolfgang Munchau, a journalist. The above is an extract from the end of an episode where Varoufakis, by himself, inte...
When Von Mises came to American, he could not get an academic position. He ended up at New York University, funded by the Volker fund and the Foundation for Economic Education (FEE), not the normal academic position. He had a seminar, so to speak, from 1948 to 1969. I should find these experiences inspiring. Von Mises started his seminar past retirement age, when he was olde...
I quote:
"when another famine struck India in the nineteenth century, now under the colonial rule of British officials and during the heyday of free market economics, opposite policies were followed, with opposite results:
'In the earlier famine one could hardly engage in the grain trade without becoming amenable to the law. In 1866 respectable men in vas...