Patrick Mokre@patrickmokre

economist @arbeiterkammer. research fellow @wu_vienna. phd from @thenewschool. book with güney işıkara : marx's theory of value at the frontiers.

 Vienna, Austria
patrickmokre.com/
Joined July 2017
451 Photos and videos
Publication day! Güney Işıkara's and my book "Marx's Theory of Value at the Frontiers" is out oday! We wrote a book on Marx's theory of value. Why? Because it is essential for tackling core 21st-century crises: imperialism and ecological breakdown. 🔗 routledge.com/Marxs-Theory-o…

Marx's Theory of Value at the Frontiers: Classical Political Economics, Imperialism and Ecological...

Why do humans produce the things they do, in the way they do it?  As this book shows, the classical political economics approach to value and prices has fundamental implications for analyzing the...

routledge.com
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Because his 1972 "humbug function" criticism of the Solow model was published as a note, not a paper, Anwar Shaikh didn't get to respond to Solow in the journal. He published an extension and reply of sorts six years later, in the 1980 book "Growth, Profits and Property".
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[1980] Shaikh - Laws of Production and Laws of Algebra-Humbug II.pdf

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While the paper extends the argument already presented in the RESTAT paper, it inspired a broad criticism of the aggreagte production function summarized in Felipe and McCombie's 2013 book "The Aggregate Production Function and the Measurement of Technical Change: Not Even Wrong"
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Guglielmo Carchedi died two days ago. Best known to my generation for editing "World in Crisis" and coauthoring "Capitalism in the 21st Century". He was a Marxist economist, prolific, creative and analytically precise. He will be terribly missed.
e. ahmet tonak/ekonomist değilim/non-economist@eatonak
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GUGLIELMO (MINO) CARCHEDI, A COMMUNIST DIED… September 5, 1938 – October 29, 2026 I have lost a very close friend, a great Marxist economist. He had been struggling with Parkinson’s in recent years. After losing his beloved wife, Jose,+
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Staying on the issue of crises, in 1978 Anwar Shaikh published a comment on Dobb's theory of crisis paper, in the Cambridge Journal of Economics he had co-founded. Maybe most importantly, he formulates fundamentals of real competition as driving falling rates of profits.
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[1978] Shaikh - Political Economy and Capitalism Notes on Dobb's Theory of Crisis.pdf

drive.google.com
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Replying to @patrickmokre
In our recent book, S. Savran and I modeled our crisis chapter, "The World in Economic Crisis: The Twilight of Capitalism," on Anwar’s article that you shared. tinyurl.com/4jz8r7jw

In the Tracks of Marx’s Capital

This book provides an accessible introduction to Marx’s seminal work Capital and explores the core ideas of Marxian political economy relevant for

springerprofessional.de
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One can distinguish phases in Anwar Shaikh's work, but some issues appear from his first to the last contributions. One is crisis and crisis theories, on which he wrote a primer in 1978. It is still key to understanding to different understandings of crisis between economists.
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[1978] Shaikh - An Introduction to the History of Crisis Theories in U.S. Capitalism in Crisis.pdf

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Many early contributions of Anwar Shaikh revive and further develop basic Marxist categories. In this paper from 1977, Anwar characterizes the "transformation problem" (from labor values to production prices), provides a modern solution, and gives the deviations economic meaning.
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[1977] Shaikh - Marx's Theory of Value and the Transformation Problem.pdf

drive.google.com
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1974 hat das @restatjournal ein Kapitel aus Anwar Shaikh's Dissertation als Note veröffentlicht: die berüchtigte Humbug-Produktionsfunktion. Darin zeigt Anwar, dass der empirischen Erfolg von Solows Wachstumsarithmetik eben das ist: ein algebraischer Trick.
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Bis letztes Jahr hat Anwar darauf bestanden, dass die Arbeit ursprünglich ein Paper akzeptiert hatte. Das hätte ihm das Recht gegeben, auf Solows Antwort zu antworten. Nach einer Intervention sei er zur 'Note' heruntergestuft und die Debatte mit Solows Antwort beendet worden.
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Anwars Beitrag war ein zentraler Punkt in der Neuformierung einer heterodoxen Kritik am Mainstream. Aber anders als bei den Cambridge-Kapitalkontroversen kam es zu keinem Austausch. Die Neoklassiker:innen lächelten es weg, und die Kritiker:innen zogen ihr eigenes Ding durch.
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Lustige Grafik, unhaltbare Schlussfolgerung: in Europa hat Bruttorendite keinen erkennbaren Zusammenhang mit Bauaktivität von Wohneinheiten. Gerade Österreich hat hohe Fertigstellungsquote bei geringen Renditen.
Agenda Austria
@AgendaAustria
Oct 22
Niemand sollte sich wundern, dass es in Österreich steigenden Wohnungsmangel gibt. Wenn sich Vermietung nicht rentiert, wird Kapital anders investiert. Das Ergebnis: es wird zu wenig gebaut, das Angebot an Wohnraum hält nicht mit der Nachfrage mit, die Preise steigen. Durch die dauernden Eingriffe in den Mietmarkt wird das Problem damit nur schlimmer. Die Mietpreisbremse bedeutet für Investoren schlechte Renditeaussichten, das strenge Mietrechtsgesetz macht Vermietung zusätzlich zu einem riskanten Unterfangen. Und solange die politische Klasse bei jedem Problem in die Preise eingreift, muss man als potenzieller Wohnungsbaumeister jederzeit mit noch schlechteren Bedingungen rechnen. Bei Investitionen, die oft Jahrzehnte zur Amortisation brauchen, inspiriert das keine Zuversicht.
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In April 1973, Challenge published a primer on international money market by Anwar Shaikh. It was his first publication post-dissertation, but more importantly, demonstrates his dedication to making economic analysis available to the broader public.
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[1973] Shaikh - The Intelligent Reader's Guide to the International Monetary Muddle Challenge.pdf

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The money system Anwar describes has changed substantially. What remains is his sharp analysis and writing style. Also, what I mean by "broader" public: Most of Anwars writing wasn't popular, but it always made knowledge approachable to groups that had previously been gatekept.
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Having arrived at the #30fmm conference and it's discussions about 30 years of heyeroeox and postkeynesian thought, I read Anwar Shaikh's short paper on heterodoxy as a true alternative from 2014 again. Here he counterposes criticism of the mainstream to independent alternatives.
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