Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value

Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value
Author: Samir Amin
Publisher: NYU Press
Total Pages: 248
Release: 2018-02-22
Genre: Political Science
ISBN: 1583676570

The complete collection of Samir Amin's work on Marxism value theory Unlike such obvious forms of oppression as feudalism or slavery, capitalism has been able to survive through its genius for disguising corporate profit imperatives as opportunities for individual human equality and advancement. But it was the genius of Karl Marx, in his masterwork, Capital, to discover the converse law of surplus value: behind the illusion of the democratic, supply-and-demand marketplace, lies the workplace, where people trying to earn a living are required to work way beyond the time it takes to pay their wages. Leave it to the genius of Samir Amin to advance Marx's theories—adding to them the work of radical economists such as Michal Kalecki, Josef Steindl, Paul Baran, and Paul Sweezy—to show how Marxian theory can be adapted to modern economic conditions. Amin extends Marx's analysis to describe a concept of “imperialist rent” derived from the radically unequal wages paid for the same labor done by people in both the Global North and the Global South, the rich nations and the poor ones. This is global oligopolistic capitalism, in which finance capital has come to dominate worldwide production and distribution. Amin also advances Baran and Sweezy’s notion of economic surplus to explain a globally monopolized system in which Marx's “law of value” takes the form of a “law of globalized value,” generating a super-exploitation of workers in the Global South. Modern Imperialism, Monopoly Finance Capital, and Marx's Law of Value offers readers, in one volume, the complete collection of Samir Amin’s work on Marxian value theory. The book includes texts from two of Amin's recent works, Three Essays on Marx’s Value Theory and The Law of Worldwide Value, which have provoked considerable controversy and correspondence. Here, Amin answers his critics with a series of letters, clarifying and developing his ideas. This work will occupy an important place among the theoretical resources for anyone involved in the study of contemporary Marxian economic and political theory.

The Positive Theory of Capital

The Positive Theory of Capital
Author: Eugen von Böhm-Bawerk
Publisher: Jazzybee Verlag
Total Pages: 476
Release: 1891
Genre: Business & Economics
ISBN:

Von Boehm-Bawerk is one of the leading economists of the so-called Austrian school. With Karl Menger and others, he has contributed to the development of a theory of value which has received wide acceptance, and has been the cause of still wider discussion, in the economic world. This theory, as elaborated by Boehm von Bawerk, is based largely upon psychological principles. Its chief feature consists in a searching analysis of ‘subjective value.’ In his “Capital and Interest”, the author makes a brilliant and original study of these two subjects. “The Positive Theory of Capital” is the successor to the work mentioned above.

Labour and Value: Rethinking Marx’s Theory of Exploitation

Labour and Value: Rethinking Marx’s Theory of Exploitation
Author: Ernesto Screpanti
Publisher: Open Book Publishers
Total Pages: 124
Release: 2019-10-09
Genre: Education
ISBN: 178374782X

In this book Ernesto Screpanti provides a rigorous examination of Marx’s theory of exploitation, one of the cornerstones of Marxist thought. With precision and clarity, he identifies the holes in traditional readings of Marx’s theory before advancing his own original interpretation, drawing on contemporary philosophy and economic theory to provide a refreshingly interdisciplinary exegesis. Screpanti’s arguments are delivered with perspicuity and verve: this is a book that aims to spark a debate. He exposes ambiguities present in Marx’s exposition of his own theory, especially when dealing with the employment contract and the notions of ‘abstract labor’ and ‘labor value’, and he argues that these ambiguities have given rise to misunderstandings in previous analyses of Marx’s theory of exploitation. Screpanti’s own interpretation is a meticulously argued counterpoint to these traditional interpretations. Labour and Value is a significant contribution to the theory of economics, particularly Marxist economics. It will also be of great interest to scholars in other disciplines including sociology, political science, and moral and political philosophy. Screpanti’s clear and engaging writing style will attract the interested general reader as well as the academic theorist.

Making Sense of Marx

Making Sense of Marx
Author: Jon Elster
Publisher: Cambridge University Press
Total Pages: 584
Release: 1985-05-09
Genre: Philosophy
ISBN: 9780521297059

A critical examination of the social theories of Karl Marx.

Capital and Exploitation

Capital and Exploitation
Author: John Weeks
Publisher: Princeton University Press
Total Pages: 235
Release: 2014-07-14
Genre: Political Science
ISBN: 1400854083

Professor Weeks proposes that the key to Marx's critique of capitalist society is the labor theory of value. A commodity-producing society, he argues, necessarily gives rise to a capitalist society, so that commodity production and the exploitation of labor are inseparably linked. Originally published in 1982. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Joan Robinson

Joan Robinson
Author: Prue Kerr
Publisher: Taylor & Francis
Total Pages: 528
Release: 2002
Genre: Business & Economics
ISBN: 9780415217460

Modern Theories of Justice

Modern Theories of Justice
Author: Serge-Christophe Kolm
Publisher: MIT Press
Total Pages: 540
Release: 2002
Genre: Business & Economics
ISBN: 9780262611800

This first book in English by Serge-Christophe Kolm provides an overview of his far-reaching vision of distributive justice. Kolm derives justice from considerations of rationality. Justice cannot be defined by one all-encompassing principle or set of a few principles. It has the general form of an equality of individuals' liberties in a broad sense, with different applications and specific adjustments when several liberties conflict or when everybody prefers another outcome.Kolm describes the theory of justice and presents and evaluates each of the various modern theories, principles, or criteria of justice. He shows how some complement each other, how some are unworkable, and how some could be rescued. The result is an intensive introduction to the general theory of justice for economists and noneconomists alike.

Capital in the Twenty-First Century

Capital in the Twenty-First Century
Author: Thomas Piketty
Publisher: Harvard University Press
Total Pages: 817
Release: 2017-08-14
Genre: Business & Economics
ISBN: 0674979850

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

A General Theory of Exploitation and Class

A General Theory of Exploitation and Class
Author: John E. Roemer
Publisher:
Total Pages: 328
Release: 1982
Genre: Business & Economics
ISBN:

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.