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MAKING THE LAW OF VALUE BULLET PROOF. Harmonizing transformation with reproduction.

It was said that once values were transformed into prices, Marx’s Reproduction Schema collapsed due to disproportions. This article shows this not to be true provided the correct assumptions emerge. In addition, in my earlier articles on the Transformation Problem it was unclear whether the amount of surplus value being transferred was a single transfer or a double transfer. That error of omission is cleared up by this article. Thus this article should be read in conjunction with the article titled: Comprehensive Update to the Transformation Problem.

MEASURING THE ELUSIVE RATE OF PROFIT.

Q2 US PROFITS. The final quarter for subsidised profits

THE CPGB UNIVERSITY WAS MEDIOCRE.

FROM NUCLEAR WINTER TO BOILING SUMMERS, CAPITALISM THREATENS THE WORLD.

Preparing for COP26.

INTEREST RATES vs SHARE PRICES: A TALE OF TWO ECONOMIES.

WORLD ECONOMY: PRELIMINARY PROSPECTS FOR THE SECOND HALF OF 2021.

As the data starts to roll in…

LEVELLING UP WITHOUT COUGHING UP.

The Tories may have a large majority, but they have an even larger problem, and I am not only referring to Johnson.

INNATE DEBT. The accumulation of debt during the industrial cycle.

If the hypothesis in this article cannot be disproved it has profound implications for capitalists crisis theory. In addition, it helps explain the dependency of industrial capital on financial capital.

IMPERIALISM, DRIVEN BY THE FALL IN THE RATE OF PROFIT

This article looks at imperialism via the prism of Marx’s reproduction schema. Marx’s earlier tables in Volume 2 in the Sections on “Simple and Expanded Reproduction” have been turned into modern input-output tables which are easier to grasp. What they show is that the immediate cause of all economic crises together with the resulting intensification of competition, both nationally and internationally, is due to changes in the consumption of the economic surplus by the capitalist class as influenced by movements in the rate of profit which governs their consumption.