Central Topics of this Book and its Fundament, Marx's Labor Theory of Value, are:

a.) Secular Productivity Trends, Sources of Profitability, Long Waves in Income Distribution, Persistence of Profit-Rate Differentials, and

b.) Marx's Labor Theory of Value as the underlying System of National Accounts (SNA) of actual economies:

Without the LTV Marx's Capital would solely provide a work of a more or less descriptive nature, limited to the epochs of homogeneous and heterogeneous manufacturing and the subsequent industrial revolution. Adding the LTV in the measurable form provided by Stone, however, allows for powerful theoretical propositions and predictions as we have indicated them above.

Homepages of the  Authors:


Jonathan Cogliano, Dickinson College,  Carlisle, PA, USA: http://www.jonathancogliano.com/


Peter Flaschel, Bielefeld University, Bielefeld, Germany: 





Reiner Franke, Kiel University, Kiel, Germany:

http://www.gwif.vwl.uni-iel.de/de/mitarbeiterinnen-und-mitarbeiter/forschungsgruppe-1/ priv.-doz.-dr.-reiner-franke


Nils Fröhlich, Staatliche Studienakademie Glauchau, Glauchau, Germany:

http://www.ba-glauchau.de/cms/wirtschaft/ mittelstaendische-wirtschaft-ansprechpartner.html


Roberto Veneziani, Queen Mary University, London, England: http://econ.qmul.ac.uk/staff/robertoveneziani.html  



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