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State Expenditure in Advanced Capitalism

“The current stage of ‘neo-capitalism’ or ‘state monopoly capitalism’ is characterized by a qualitatively expanded role of the state in capitalist social formations. One expression of this huge politico-economic weight of the modern state is the prolonged expansion in state expenditures, such that they now exceed one half . . .” read more

Marx’s Theory of Productive and Unproductive Labour

“This essay will attempt, first and foremost, a definitive exposition of Marx’s theory of productive and unproductive labour. This theory is presented in the three volumes of Capital and in Theories of Surplus Value—Marx’s projected historico-critical fourth volume. This seems useful and necessary for several reasons. First, as . . .” read more