Money And Abstract Labour
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Author | : Ulrich Krause |
Publisher | : Verso Books |
Total Pages | : 200 |
Release | : 2020-05-05 |
Genre | : Political Science |
ISBN | : 1789606675 |
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.
Author | : Ernesto Screpanti |
Publisher | : Open Book Publishers |
Total Pages | : 134 |
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.
Author | : Ulrich Krause |
Publisher | : |
Total Pages | : 160 |
Release | : 1982 |
Genre | : |
ISBN | : 9780805270075 |
Author | : Isaak Ilʹich Rubin |
Publisher | : |
Total Pages | : 324 |
Release | : 1973 |
Genre | : Political Science |
ISBN | : 9780919618114 |
Political economy, defined in the study of social relations and culture. Originally published in the former Soviet Union, was suppressed and after 1928 it was never re-issued. This is the first English-language edition. Includes an outstanding introductory essay on "Commodity Fetishism" by Freddy Perlman.
Author | : Fred Moseley |
Publisher | : BRILL |
Total Pages | : 433 |
Release | : 2015-09-29 |
Genre | : Political Science |
ISBN | : 9004301933 |
This ambitious book presents a comprehensive new 'macro-monetary' interpretation of Marx’s logical method in Capital, based on substantial textual evidence, which emphasises two main points: (1) Marx’s theory is primarily a macroeconomic theory of the total surplus-value produced in the economy as a whole; and (2) Marx’s theory is a monetary theory from beginning to end and the circuit of money capital – M - C - M’ – is the logical framework of Marx’s theory. It follows from this 'macro-monetary' interpretation that, contrary to the prevailing view, there is no 'transformation problem' in Marx’s theory; i.e., Marx did not 'fail to transform the inputs of constant capital and variable capital' in his theory of prices of production in Part 2 of Volume III.
Author | : F. Moseley |
Publisher | : Springer |
Total Pages | : 243 |
Release | : 2004-12-07 |
Genre | : Business & Economics |
ISBN | : 0230523994 |
This book provides a contemporary assessment of Marx's theory of money. This theory is often praised as one of Marx's greatest achievements, especially when compared with either classical or neoclassical economics. On the other hand, Marx's theory of money has also been severely criticized, especially that it seems to require that money be a produced commodity. The contributors to the volume provide a wide-ranging and in-depth appraisal of the strengths and weaknesses of Marx's theory of money, compared to other theories of money.
Author | : Alfredo Saad Filho |
Publisher | : BRILL |
Total Pages | : 373 |
Release | : 2019-02-11 |
Genre | : Business & Economics |
ISBN | : 900439320X |
Value and Crisis brings together selected essays written by Alfredo Saad-Filho, one of the most prominent Marxist political economists today. This book examines the labour theory of value from a rich and innovative perspective, from which fresh insights and new perspectives are derived, with applications for the nature of neoliberalism, financialisation, inflation, monetary policy, and the contradictions, limitations and crises of contemporary capitalism.
Author | : Ana Cecilia Dinerstein |
Publisher | : Emerald Group Publishing |
Total Pages | : 192 |
Release | : 2021-01-15 |
Genre | : Social Science |
ISBN | : 1787691438 |
This book mounts a forceful critique of fashionable thinking on the possibility of a post-work, post-capitalist society achieved through automation, a basic income and the reduction of working hours to zero, suggesting this popular utopia is nothing of the sort.
Author | : Laurent Baronian |
Publisher | : Routledge |
Total Pages | : 411 |
Release | : 2013-05-29 |
Genre | : Business & Economics |
ISBN | : 1135043760 |
From his early economic works on, Marx conceived the labour of any kind of society as a set of production activities and analysed the historical modes of production as specific ways of distributing and exchanging these activities. Political economy on the contrary considers the labour only under the form of its product, and the exchange of products as commodities as the unique form of social labour exchange. For Marx, insofar as the labour creating value represents a specific mode of exchanging the society's living labour, general and abstract labour cannot not only be defined as the substance or measure unit of the commodity, as in Smith or Ricardo, but foremost as an expense of living labour, i.e. of nerves, muscles, brain, etc. Hence the twofold nature of living labour, as a concrete activity producing a use value and an expense of human labour in general producing exchange value. Marx himself claimed that this twofold nature of labour creating value was its main and most important contribution to economic science. This book aims at showing how both determines the original categories and economic laws in Capital and constitutes the profound innerspring of Marx's critique of political economy. The role and function of living labour is highlighted by dealing with the difference between Marx and Classics' theories of labour value; money and the problems of its integration in economic analysis, especially in Keynes; the transition from feudalism to capitalism; the theory of capital through a discussion on the Cambridge controversy and the transformation problem; the labour process and the principles of labour management; unemployment and overpopulation; the formulas of capital in the history of economic thought; finally, an interpretation of the current crisis based on Marx's conception of overaccumulation and speculation after having distinguished it from underconsumption and stagnation theories of crises.
Author | : Alan Freeman |
Publisher | : Edward Elgar Publishing |
Total Pages | : 348 |
Release | : 2004-02-25 |
Genre | : Business & Economics |
ISBN | : 9781781956199 |
The papers that comprise this collection introduce key advances in modern value theory. Equilibrium and non-equilibrium approaches are discussed alongside the theory behind abstract labour and money.