Introduction You work for it; you work with it. You need it to survive; you survive to need it. You’d steal for it; maybe, if the price was right you’d even kill for it. It commands armies, nations, and public policy; often times it means life or death (quite literally). It is both celebrated and […]

By Freya B. Marx’s theory of price has been a contentious subject over the history of Marxist political economy. Controversy over Marx’s formulation on “prices of production” has led many to try to “fix” what are perceived to be failures in Marx’s theory (often producing absurd and incoherent conclusions), or to simply abandon Marxist value […]

In the vulgar economics department, the word capital is lightly thrown around as a synonym of the concept of the instruments of labor; that is, every factor utilized in a productive process that isn’t labor. According to this tale, capital and labor, by being so simplistically defined, have a transhistorical character; they have always existed […]