Michio Morishima

“In the summer of 1975, I read Marx’s Economics by Michio Morishima (1973), a Japanese mathematical Marxist economist. I was excited by this book, for Morishima was using the tools I had learned in mathematical economics to study Marxist questions: exploitation, the labor theory of value, the transformation problem.”

“Leon Walras, the sun of one of the planetary systems in the universe of economics, developed a general equilibrium model of capital formation and credit, after he had explored models of exchange and production. But he was primarily concerned with momentary equilibrium to be established in a system with given stocks of capital goods that are shared among a given number of individuals.”