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The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1998 was awarded to Amartya Sen "for his contributions to welfare economics"

The man who would be Labour’s seventh prime minister won’t enjoy being compared to its first. But Keir Starmer has much to learn from Ramsay MacDonald’s story, which isn’t all bad

The man who would be Labour’s seventh prime minister won’t enjoy being compared to its first. But Keir Starmer has much to learn from Ramsay MacDonald’s story, which isn’t all bad

Originally published in Workers' Liberty magazine, January 2001 Why should Marxists want to narrow our appeal to 'the workers', enrolling people from other classes only to the extent that they rally behind the working class? Why not seek a broader unity of 'ordinary people'? The pivot of Marx's critique of political economy is the concept of abstract labour, or universal social labour - labour as the expenditure under standard conditions of a quotient of average labour-power. Abstract labour, according to Marx, is the substance of value.

Originally published in Workers' Liberty magazine, January 2001 Why should Marxists want to narrow our appeal to 'the workers', enrolling people from other classes only to the extent that they rally behind the working class? Why not seek a broader unity of 'ordinary people'? The pivot of Marx's critique of political economy is the concept of abstract labour, or universal social labour - labour as the expenditure under standard conditions of a quotient of average labour-power. Abstract labour, according to Marx, is the substance of value.