Reality Political Economy Pages
Our aim in these pages is to give a defense of classical Marxian political economy. In particular we defend the Marxian ideas of the superiority of the planned over the free market economy. Secondarily we are concerned to show that the Labour Theory of value is scientifically valid, against various detractors.
Transition to 21st Century Socialism in the European Union. programme presented at the Feb 2010 Berlin Conference on XXI Century Socialism.
REVIEW: THE DEVELOPMENT OF SOCIALIST ECONOMIC THOUGHT. This is a review of Maurice Dobb's book on the development of socialist economic thought.
A reply to Brewster A response to the critique of Towards a New Socialism by the right wing economist Brewster
A critical look at market socialism A critique of market socialism particularly of Yunker.
Kantorovich and Economic Computation
by Paul Cockshott of the work of the Soviet economist
Kantorovich arguing that his work fundamentally undermined the critique
of socialist economics by von Mises
Towards XXI Century Socialism, with the help of the World Spirit, Heinz Dieterich
In defense of socialist planning, by Ernest Mandel
Sozialismus ist machbar, Herr Nachbar! Helmut Dunkhase.
FUNDAMENTAL PRINCIPLES OF COMMUNIST PRODUCTION AND DISTRIBUTION GROUP OF INTERNATIONAL COMMUNISTS OF HOLLAND (G.I.K.) 1930
.pdf version ( this will print properly on a postscript printer)
Translators introduction With this work the Group of International Communists have put forward for debate, for the first time in the post-war history of the working class movement, the practical possibility of ordering social production and distribution on the basis of a use-value economy. They have brought together all the experience accumulated as a result of earlier attempts, by theoretical representatives of the working class of a previous era, to solve this most ultimate and conclusive of all areas of the revolutionary theory of the proletariat, in order that the root causes which in the final outcome render all those earlier efforts scientifically untenable may be laid bare and so prevented from generating further confusion.
Economic planning, computers and labor values Since the collapse of the Soviet Union it has seemed to many that the socialist calculation debate is essentially over, with a decisive verdict in favor of the market. Recent instabilities in the world market are again prompting the question whether some form of conscious regulation of economies may be appropriate. We argue that the increasing power of modern computer technology along with the use of Ricardian-Marxian labor values opens up new possibilities for economic planning. In particular we criticise the notion put forward by Samuelson that 'bourgeois prices' are the appropriate measure for socialist economic calculation.
A critique of HayekHayek is a prominent right wing economist, a significant part of whose out has been devoted to attacking the very idea of socialism from an economic standpoint. This article isa detailed refutation to his claims that as an information processing system capitalism is superior to socialism.
Against MisesVon Mises was the first prominent economist to argue the impossibility of a socialist economy. His ideas continue to be recycled by opponents of socialism.
un modèle de planification efficace Bien sur, il y a des Marxistes qui ont rejete l’idee de planification, en favo-risant le " socialisme du marche ". Dans ce contexte-ci, nous ne pouvons que déclarer notre opposition à ce tour. Les mécanismes du marché — même qu’ils soient dirigés par un gouvernement dit socialiste — ne peuvent fournir ni l’égalité, ni la direction consciente de l’ensemble de production sociale, telles que le Marxisme classique les a envisagé.
Socialist Planning After the Collapse : Analysis of what went wrong with central planning in the USSR .
Value Markets and socialismThis paper which originally appeared in Science and Society outlines how the labour theory of value can be applied to planning a socialist economy.
financial entropy and the Eurozone crisis,
The report attempts of apply econophysics concepts to the Eurozone
crisis. It starts by examining the idea of conservation laws as applied
to market economies. It formulates a measure of financial entropy and
gives numerical simulations indicating that this tends to rise. We
discuss an analogue for free energy released during this process. The
concepts of real and symbolic appropriation are introduced as a means
to analyse debt and taxation.
We then examine the conflict between the conservation laws that apply to commodity exchange with the exponential growth implied by capital accumulation and how these have necessitated a sequence of evolutionary forms for money, and go on to present a simple stochastic model for the formation of rates of interest and a model for the time evolution of the rate of profit.
Finally we apply the conservation law model to examining the Euro Crisis and the European Stability pact, arguing that if the laws we hypothesise actually hold, then the goals of the stability pact are unobtainable.
Review of Althusser's book Philosophy of the Encounter
Review of Michael Heinrich's book on Marx's Capital
Competing Theories: Wrong or Not Even Wrong? Paul Cockshott The paper compares the claims of marginalist theory and the labour theory of value to be scientifically founded.
Information, Work, and Meaning an introduction to information theory by me and Greg Michaelson, it relationship to thermodynamics and to classical political economy with particular emphasis on how it applies to industrial mass production.
Testing the labour theory of value : an exchange
An exchange with Shimshon Bichler and Jonathan Nitzan stemming from an open letter originally posted by Stefanos Kourkoulakos regarding the conference Crisis of Capital, Crisis of Theory held at York University Canada.
CREDIT CRUNCH: ORIGINS AND ORIENTATION PAUL COCKSHOTT AND DAVE ZACHARIAH , an article which looks at the causes of the credit crisis and how economic policy should respond to it.
How Physics is validating the Labour Theory of Value, by Paul Cockshott/Zoltan Zigedy
Determinants of the average profit rate and the trajectory of capitalist economies, explains how the dynamics of a falling rate of profit constrain capitalism
Smith to the
Equilibrium rate of
profit . an article that defends the scientific
Smiths work and shows how one can derive the laws governing the time
evolution of the rate of profit from his premises
Draft edition of a book that unites Marxian value theory with statistical mechanics and information theory.Labour value and equalisation of profit rates: , Dave Zachariah This study investigates the empirical strength of the labour theory of value and its relation to profit rate equalisation. It replicates tests from previous studies, using input-output data from 18 countries spanning from year 1968 to 2000. The results are broadly consistent; labour values and production prices of industry outputs are highly correlated with its market price. The predictive power is compared to alternative value bases. Furthermore, the empirical support for profit rate equalisation, as assumed by the theory of production prices, is weak.
Defining productive sectors , Dave Zachariah
The paper briefly discusses the concept of productive labor in the economy. From the standpoint of materialist social theory it attempts to formulate a simpler and more coherent definition than has been previously suggested.
productive work, Dave Zachariah and Paul Cockshott,
the labor theory of value in Sweden, Dave Zacharaih
models commodity exchange, Paul Cockshott
Scientific Status of the Labour theory of Value:this paper argues that the labour theory of value is a scientific theory in the strongest sense of the empirical sciences. It shows that the criteria of science are in practice met by the labour theory of value.
Values law and values metric Examines what is meant by the law of value.
CREDIT CRUNCH: ORIGINS AND ORIENTATION PAUL COCKSHOTT AND DAVE ZACHARIAH , an article which looks at the causes of the credit crisis and how socialist economic policy should respond to it.
the 21st Century by Paula Cerni
Dr. Ambedkar or Dr. Marx An article that attempts to situate our work with respect to the Buddhist Socialism of the famous Dalit leader and intellectual Ambedcar.
the 21st Century by Paul Cockshott
“…the difficulty which has hitherto troubled the economists, namely to explain the falling rate of profit…�? ( Marx)
composition of capital and profit rates, Allin
Testing Marx with Input Output Tables. An analysis of the UK economy over the last 100 years bearing out the validity of the labour theory of value and other marxian economic theories. This is in pdf format.