Archives

Category Archive for: 'Value Theory'

Marx and Non-Equilibrium Economics

This foundational text in the Non-equilibrium or Temporal Single System Interpretation of Marx’s theory of value is now available as an open-access text.

View the text at:

Visit the book’s website at:

Introduction to ‘The Creation of Value by Living Labour: A Normative and Empirical Study’, By Cheng Enfu, Wang Guijin and Zhu Kui, Volume 2

An introduction to Volume 2 of the book ‘The Creation of Value by Living Labour: A Normative and Empirical Study’. By Cheng Enfu, Wang Guijin and Zhu Kui, vol. 2. London and Istanbul: Canut Press. 2018.

Link to the introduction: Link to the book:

The Creation of Value by Living Labour

This two-volume book, by Cheng Enfu, Wang Guijin and Zhu Kui, translated by Sun Yexia and edited with introductions by Alan Freeman, is an indispensible read for those who wish to understand China’s economic miracle and the thinking behind it.

Volume 1 on Mental labour and China’s economy:

Volume 2 on Marx’s theory of living labour:

How the West was Lost

Alan Freeman’s acceptance speech, given to the World Association for Political Economy (WAPE) in response to its Marxian Economics Award, July 2018. It deals with the relation required between Chinese and Western Marxist economists, in the light of China’s economic success, the prolonged stagnation of the industrialised economies, and the persistence of a high level of inequality between nations.

Introduction to ‘The Creation of Value by Living Labour: A Normative and Empirical Study. By Cheng Enfu, Wang Guijin and Zhu Kui, vol. 1

An introduction to Volume 1 of the book ‘The Creation of Value by Living Labour: A Normative and Empirical Study’. By Cheng Enfu, Wang Guijin and Zhu Kui, vol. 1. London and Istanbul: Canut Press. 2018.

Link to the introduction: Link to the book:

Capital at 150: History in Capital, Capital in History

150 years after the publication of the first volume of Marx’s ‘Capital’, Radhika Desai’s CounterPunch article evaluates its significance for modern times.

The Whole of the Storm: Money, debt and crisis in the current long depression

Originally published in Marxism 21, this article investigates the mechanisms and causes of recessions and depressions, and their relation to the more spectacular financial crises which announce them.

Marxian Debates on the Falling Rate of Profit – a primer

This introductory paper examine the discussion among Marxists about the rate of profit. It employs the method of symptomatic reading – attempting to present what the protagonists are really trying to say – and in this way differs from the adversarial method that has become standard.