Price Determination in Chapter X of Volume III of Marx's Capital

The argument of this paper is that, despite claims to the contrary, Marx provided the theoretical underpinnings necessary for the construction of a model of price determination. The paper shows how under competitive conditions the Marxian concepts of individual value, market value, market price, and price of production can become parts of a unified theory of price determination. © 1992, Sage Publications. All rights reserved

The persistence of profits in the Greek manufacturing industry, 1963–88

The objective of this article is to evaluate empirically the profit rate persistence in the case of the Greek manufacturing industry (1963–88). More specifically, we address ourselves to two questions: first, do industrial profit rates eventually converge on a common rate? and secondly, what are the factors that affect the speed of adjustment of industrial profit rates? Our results suggest: a high persistence of profit rates for most industrial sectors; a generally high permanent component of the profit rates with substantial variations among sectors; and a similarity with other studies of industrialized countries with regards to the factors (concentration ratio, advertising intensity export intensity, capital intensity etc.) affecting the speed of adjustment. © 1993, Taylor & Francis Group, LLC. All rights reserved

The mutually reinforcing relation between international migration of highly educated labour force and economic crisis: the case of Greece

Although several studies aim at analysing the causes and impacts of the current economic crisis, especially involving the case of Greece, the role that highly educated population holds has not received wider attention. Based on an examination of both secondary data on the Greek economy/labour market and primary data collected by a survey that included 1821 graduates, this paper shows that underutilization of highly educated population harmed the competitiveness of the Greek economy, a factor which has significantly contributed to the creation of the current debt crisis and fostered the migration of graduates

Migrants encounter migrants in the city: the changing context of "home" for second-generation Greek-American return migration

This article looks at the 'return' migration of second-generation Greek Americans to their parents' homeland, Greece. It is based on interviews with, and written accounts supplied by, 40 participants in the research, all now living in the Athens region. The article addresses two main sets of questions. First, why do they relocate to Greece, what are they looking for, and how do they cope with difficulties and disappointments? Second, and more specifically, how do they react to the fact that Greece is no longer a homogenous hellenistic society, but has become in recent years a "de facto" multicultural one due to the presence of hundreds of thousands of immigrant workers and their families? Three hypotheses are proposed for this inter-migrant encounter: returnees, shocked by the 'new immigration', view it negatively as upsetting the 'pure Greek' homeland they had hoped to find; returnees are more sympathetic because of their own families' history as immigrants in multicultural America; and returnees differentiate themselves as 'good' migrants from Greece's immigrants who are constructed as 'bad' migrants. Evidence from the migrants' testimonies is found to support all three hypotheses; however, there is more support for the second one. In addition, a fourth outcome was voiced: that of discrimination against Greek Americans who are made to feel, in certain circumstances, outsiders by the 'true' Greeks. Suggestions are made for further comparative research. Copyright (c) 2006 The Author. Journal Compilation (c) 2006 Joint Editors and Blackwell Publishing Ltd..