Money and Abstract Labour

Money and Abstract Labour PDF

Author: Ulrich Krause

Publisher: Verso Books

Published: 2020-05-05

Total Pages: 200

ISBN-13: 1789606675

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Recent trends in Marxist economic theory have sponsored the methods of modern logic and mathematics. In doing so, they have displaced not only the relatively philosophical style of reflection found in Capital but also certain key problems addressed there by Marx. Ulrich Krause breaks new ground by applying mathematical techniques in an analysis of labor, money and exchange. Rejecting the notion of "homogeneous labor" as a basis of value theory, Krause develops his own understanding of the Marxist concept of "abstract labor," which he then integrates with an analysis of money in the process of commodity exchange. His book concludes with a new discussion of Marx's theory of value and surplus-value. Money & Abstract Labour is a major intervention in one of the most vigorously contested areas of contemporary economic theory.

Foundations of Analytical Marxism

Foundations of Analytical Marxism PDF

Author: John E. Roemer

Publisher: Edward Elgar Publishing

Published: 1994

Total Pages: 424

ISBN-13:

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This compilation includes articles representing the school of analytical Marxism, a school of thought inaugurated by the publication of G.A. Cohen's Karl Marx's Theory of History in 1978. Since then, scholars in political philosophy, economics, sociology, political science, history and anthropology have contributed to it. This two-volume set of 31 articles (dating from 1977-1993) has been divided into seven parts: class, exploitation, power and domination, historical materialism, the state, market socialism, freedom and methodology. Contributors include P. Bardhan, A. Carling, G.A. Cohen, J. Cohen, J. Elster and J. Reiman.

Reduction, Rationality and Game Theory in Marxian Economics

Reduction, Rationality and Game Theory in Marxian Economics PDF

Author: Bruce Philp

Publisher: Routledge

Published: 2004-10-28

Total Pages: 241

ISBN-13: 1134444745

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This book examines the main areas of interest in Marxian economics, paying particular attention to class conflict, analytical Marxism and game theory. Very few books can claim to cover the areas that this book does with such clarity, academic rigour and originality. Its study of game theory and Marxism makes it a particularly unique book that will

Marx, Veblen, and the Foundations of Heterodox Economics

Marx, Veblen, and the Foundations of Heterodox Economics PDF

Author: Tae-Hee Jo

Publisher: Routledge

Published: 2015-07-30

Total Pages: 342

ISBN-13: 1317631447

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John F. Henry is an eminent economist who has made important contributions to heterodox economics drawing on Adam Smith, Karl Marx, Thorstein Veblen, and John Maynard Keynes. His historical approach offers radical insights into the evolution of ideas (ideologies and theories) giving rise to and/or induced by the changes in capitalist society. Essays collected in this festschrift not only evaluate John Henry’s contributions in connection to Marx’s and Veblen’s theories, but also apply them to the socio-economic issues in the 21st century. In Part I leading heterodox economists in the traditions of Marxism, Post Keynesianism, and Institutionalism critically examine Marx’s and Veblen’s theoretical frameworks (and their connections to each other) that have become the foundations of heterodox economics. Chapters in Part II showcase alternative theoretical explanations inspired by Marx, Veblen, and Henry. Topics in this Part include financial crisis, financialization, capital accumulation, economics teaching, and the historical relationship between money and class society. Part III is devoted to John Henry’s heterodox economics encapsulated in his "farewell" lecture, interview, and bibliography. Essays in this book, individually and collectively, make an important point that the history of economic thought (or historical analysis of economic theory and policy) is an integral part of developing heterodox economics as an alternative theoretical framework. Anyone who is troubled by the recurring failure of capitalism as well as mainstream economics will find this book well worth reading.

Understanding Capital

Understanding Capital PDF

Author: Duncan K. Foley

Publisher:

Published: 1986-11-13

Total Pages: 1302

ISBN-13:

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Understanding Capital is a brilliantly lucid introduction to Marxist economic theory. Duncan Foley builds an understanding of the theory systematically, from first principles through the definition of central concepts to the development of important applications. All of the topics in the three volumes of Capital are included, providing the reader with a complete view of Marxist economics. Foley begins with a helpful discussion of philosophical problems readers often encounter in tackling Marx, including questions of epistemology, explanation, prediction, determinism, and dialectics. In an original extension of theory, he develops the often neglected concept of the circuit of capital to analyze Marx’s theory of the reproduction of capital. He also takes up central problems in the capitalist economy: equalization of the rates of profit (the “transformation problem”); productive and unproductive labor and the division of surplus value; and the falling rate of profit. He concludes with a discussion of the theory of capitalist crisis and of the relation of Marx’s critique of capitalism to his conception of socialism. Through a careful treatment of the theory of money in relation to the labor theory of value, Foley clarifies the relation of prices to value and of Marx’s categories of analysis to conventional business and national income accounts, enabling readers to use Marx’s theory as a tool for the analysis of practical problems. The text is closely keyed throughout to the relevant chapters in Capital and includes suggestions for further reading on the topics discussed.

A General Theory of Exploitation and Class

A General Theory of Exploitation and Class PDF

Author: John E. Roemer

Publisher:

Published: 1982

Total Pages: 328

ISBN-13:

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In this original and powerful work, John Roemer proposes a general theory of exploitation that provides a game-theoretic framework for expressing any conception of exploitation--feudal, capitalist, or socialist--in a standardized and explicit way, thus permitting a clear comparison of different ethical conceptions.

The Political Economy of Marx

The Political Economy of Marx PDF

Author: M. E. Howard

Publisher: NYU Press

Published: 1988-09

Total Pages: 280

ISBN-13: 0814734537

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"This edition of The political economy of Marx, Second edition is published by arrangement with Longman Group UK Limited"--T.p. verso.

Approaches to Class Analysis

Approaches to Class Analysis PDF

Author: Erik Olin Wright

Publisher: Cambridge University Press

Published: 2005-07-01

Total Pages: 232

ISBN-13: 9781139444460

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Few themes have been as central to sociology as 'class' and yet class remains a perpetually contested idea. Sociologists disagree not only on how best to define the concept of class but on its general role in social theory and indeed on its continued relevance to the sociological analysis of contemporary society. Some people believe that classes have largely dissolved in contemporary societies; others believe class remains one of the fundamental forms of social inequality and social power. Some see class as a narrow economic phenomenon whilst others adopt an expansive conception that includes cultural dimensions as well as economic conditions. This 2005 book explores the theoretical foundations of six major perspectives of class with each chapter written by an expert in the field. It concludes with a conceptual map of these alternative approaches by posing the question: 'If class is the answer, what is the question?'

Free to Lose

Free to Lose PDF

Author: John E. ROEMER

Publisher: Harvard University Press

Published: 2009-06-30

Total Pages: 217

ISBN-13: 0674042867

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John Roemer challenges the morality of an economic system based on the private ownership of the means of production. Unless you start with a certain amount of wealth in such a society, you are only "free to lose." This book addresses crucial questions of political philosophy and normative economics in terms understandable by readers with a minimal knowledge of economics.