Economics, Politics and The Age of Inflation - Paul Mattick

Comprised of six articles written in the years between 1974 and 1978, Economics, Politics and the Age of Inflation is a study of the role of the state in economic affairs. In making this analysis, Mattick shows us the interconnections between the phenomenal world of capitalism and social production relations.

On some aspects of the dialectic of labour in the Critique of Political Economy

Chattopadhyay's discussion on the nature of labour in capitalist society and comments on Marx's The Critique of Political Economy.

In the following lines we discuss the contradictions inherent in the category of labor that Marx underlines in his different writings where labor is examined in its multiple existence - labor as such, abstract and concrete labor, necessary and surplus labor.

State Capitalism and Dictatorship - Pannekoek

Anton Pannekoek.

On the limits of state capitalism as a strategy for the ruling class.

This article was apparently first published in Raete Korrespondenz.

Marxism and Darwinism - Pannekoek

Charles Darwin and Karl Marx.

The relationships between Darwinism, Marxism, evolution and class struggle.

Reflections on Marx's Critique of Political Economy

Marx's concepts and categories have become an intrinsic part of common usage. They are also used by statist tendencies to legitimise their claims to power and to suppress the questioning of the foundations of existing hierarchical society. This text seeks to dissolve the aura that surrounds Marx's concepts and categories.

Self-Activity of Wage Workers

Theories and practices of representation & delegation are a stumbling block in the self-activity of wage-workers. They hinder wage-workers' resistances, refusals and steps of change. What follows is a part of a larger critique of representation & delegation that we are engaged in. We invite you to join us in this attempt.



For more than 100 years, academic economists' discussion of Marx's own value theory, including his law of the tendential fall in the profit rate, has had one single central focus. They have attempted to prove that it is internally inconsistent. Until fairly recently, the validity of the "proofs" of internally inconsistency has gone almost unquestioned. In many quarters, this remains the case.

At the source of The Critique of Political Economy - Paresh Chattopadhyay

Paresh Chattopadhyay's review of a collection of Marx and Engels' notebooks.

"Karl Marx - Exzerpte und Notizen: Sommer 1844 bis Anfang 1847" in Karl Marx, Friedrich Engels "” Gesamtausgabe (MEGA) vierte Abteilung. Band 3. Akademie Verlag, Berlin 1998, pp. 866.

Reviewed by Paresh Chattopadhyay*

Capitalism as socialism: defence of socialism in the socialist calculation of debate revisited

Oskar Lange.

Paresh Chattopadhyay's contribution to the ongoing debates with state socialists on the allocation of resources in society, with specific reference to the Lange-Lerner model of socialism.

It is sixty years since Oskar Lange defended socialism in a famous debate with Mises, Hayek and Robbins, who had argued that rational allocation of productive resources was impossible in socialism, inasmuch as the absence of private ownership in the means of production would do away with the price system, the only rational basis for allocating the productive resources.

On the Question of Labour Values in Communist Society

Let us first make precise the principal terms in question in the present paper. 'Labor value' is not used here in the sense of classical political economy. That is, it is not simply a certain magnitude embodied in products produced by a certain quantity of labor "” living and dead "” with a view to exchange. Labor value rather refers to the value form that the products of (abstract) human labor take in the exchange process between the reciprocally autonomous producers where exchange is regulated by the relative quantities of socially necessary labor time contained in the products. Commodity is the material medium of the value form.