Progressive Macro-Economics

Abstract

Progressive macro-economics is defined as theorizing organized capitalism with the aim of providing a theoretical foundation for macro-ecnomic policy, introducing economic reforms paving the way for the transition towards Socialism. The basis of Progressive Macro-economics is the labour theory of value. From the most rudimentary analysis of the exploitation of labour it can be concluded that the decisive economic reform to overcome exploitation is the organization of the supply and control of capital by labour.

Keywords: economic democracy, exploitation, labour theory of value, macro-ecnomics, macro-economic policy, Marxism, organized capitalism, transition to Socialism

JEL Classification: B51, D24, D47, E02, E60, L16