Essays in Modern Capital Theory

Essays in Modern Capital Theory
Author: Murray Brown
Publisher:
Total Pages: 312
Release: 1976
Genre: Capital
ISBN:

Monograph comprising essays on topics relating to the use of economic theories of capital in economic analysis - discusses the 'Cambridge controversy' in capital theory involving income distribution, rates of investment return and profit, the input output relations with regard to technology and capital goods, and presents three new approaches to capital theory centred on the notion of economic equilibrium and an economic model based on Marxism. Bibliographys after most chapters and graphs.

Some Cambridge Controversies in the Theory of Capital

Some Cambridge Controversies in the Theory of Capital
Author: G. C. Harcourt
Publisher: Cambridge University Press
Total Pages: 292
Release: 1972-05-25
Genre: Business & Economics
ISBN: 9780521082945

Capital theory traditionally spans two major compartments of economic theory: the theory of production of both individual products and the total product, and the theory of the distribution of the aggregate product between the different classes of capitalist society. It has always been controversial, partly because the subject matter is difficult and partly because rival ideologies and value systems impinge directly on the subject matter. In the present book the various topics associated with the exchanges between the 'neo-Keynesians' and the 'neo-neoclassicals' are discussed and evaluated. The topics include the measurement of capital, the revival of interest in Irving Fisher's rate of return on investment, the double-switching debate, Sraffa's prelude to a critique of neoclassical theory, and the 'new' theories of the rate of profits in capitalist society.

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 Unfinished System of Karl Marx

The Unfinished System of Karl Marx
Author: Judith Dellheim
Publisher: Springer
Total Pages: 386
Release: 2018-04-13
Genre: Business & Economics
ISBN: 3319703471

This book examines what we can gain from a critical reading of Marx's final manuscript and his conclusion of the "systematic presentation" of his critique, which was the basis for Engels's construction of the third volume of his infamous 'Capital'. The text introduces the reader to a key problem ́of Marx's largely implicit epistemology, by exploring the systematic character of his exposition and the difference of this kind of 'systematicity' from Hegelian philosophical system construction. The volume contributes to establishing a new understanding of the critique of political economy, as it has been articulated in various debates since the 1960s - especially in France, Germany, and Italy - and as it had already been initiated by Marx and some of his followers, with Rosa Luxemburg in a key role. All the chapters are transdisciplinary in nature, and explore the modern day relevance of Marx's and Luxemburg's theoretical analysis of the dominance of the capitalist mode of production.

An Introduction to the Three Volumes of Karl Marx's Capital

An Introduction to the Three Volumes of Karl Marx's Capital
Author: Michael Heinrich
Publisher: NYU Press
Total Pages: 240
Release: 2012-06-01
Genre: Political Science
ISBN: 1583672915

The global economic crisis and recession that began in 2008 had at least one unexpected outcome: a surge in sales of Karl Marx's Capital. Although mainstream economists and commentators once dismissed Marx's work as outmoded and flawed, some are begrudgingly acknowledging an analysis that sees capitalism as inherently unstable. And of course, there are those, like Michael Heinrich, who have seen the value of Marx all along, and are in a unique position to explain the intricacies of Marx's thought. Heinrich's modern interpretation of Capital is now available to English-speaking readers for the first time. It has gone through nine editions in Germany, is the standard work for Marxist study groups, and is used widely in German universities. The author systematically covers all three volumes of Capital and explains all the basic aspects of Marx's critique of capitalism in a way that is clear and concise. He provides background information on the intellectual and political milieu in which Marx worked, and looks at crucial issues beyond the scope of Capital, such as class struggle, the relationship between capital and the state, accusations of historical determinism, and Marx's understanding of communism. Uniquely, Heinrich emphasizes the monetary character of Marx's work, in addition to the traditional emphasis on the labor theory of value, this highlighting the relevance of Capital to the age of financial explosions and implosions.

‘Capital’ in the East

‘Capital’ in the East
Author: Achin Chakraborty
Publisher: Springer Nature
Total Pages: 240
Release: 2019-10-23
Genre: Political Science
ISBN: 981329468X

This book pursues a Marxist approach with an emphasis on class to reflect on Marx’s Capital in the context of the East. It critically reassesses some of the familiar concepts in Capital and teases out issues that are at its periphery. In various essays, it explores this borderland to promote new concepts and modes of analysing Marx’s treatise in the twenty-first century. Accordingly, it represents an advance in Marxian theory and politics. Examining Marx’s Capital from the perspective and location of the East, the book focuses on many issues that are at the ‘borders’ of Capital, which is concerned principally on unpacking developed capitalism. New concepts are introduced and set in relation to those championed by Marx in order to advance our understanding of economy, capitalism, development and politics. In this regard, the book offers a reading of Capital that is distinct from conventional reflections on it in the Western world. The scope is vast, covering much of the territory in Marx's Capital, as well as addressing a few new issues connected to Capital. The content is divided into the following sections: Reception of Capital in the East; Value, Commodity, Surplus Value and Capitalism; Population and Rent in Capital; and Issues Beyond Capital.

Representing Capital

Representing Capital
Author: Fredric Jameson
Publisher: Verso Books
Total Pages: 177
Release: 2014-01-07
Genre: Philosophy
ISBN: 1781681570

Representing Capital, Fredric Jameson’s first book-length engagement with Marx’s magnum opus, is a unique work of scholarship that records the progression of Marx’s thought as if it were a musical score. The textual landscape that emerges is the setting for paradoxes and contradictions that struggle toward resolution, giving rise to new antinomies and a new forward movement. These immense segments overlap each other to combine and develop on new levels in the same way that capital itself does, stumbling against obstacles that it overcomes by progressive expansions, which are in themselves so many leaps into the unknown.

An Analysis of Karl Marx's Capital

An Analysis of Karl Marx's Capital
Author: Macat Team
Publisher: CRC Press
Total Pages: 89
Release: 2017-07-05
Genre: Literary Criticism
ISBN: 1351352032

A critical analysis of Karl Marx’s Capital, which is without question one of the most influential books to be published in the course of the past two centuries. Controversial in its politics, and arriving at conclusions that are passionately debated to this day, it is nonetheless a fine example of the creative combination of a philosophical method (the dialectic) with historical and economic information to produce a new interpretation of history. Capitalism, thought Marx, works by exploiting the working class. Their wages do not reflect the value of their labor. Marx concluded that capitalism would fail because of this contradiction at the heart of the capitalist system. He wrote Capital to give activists the theories and language they needed to criticize the system. But the work also outlines the new communist society that Marx hoped would rise in its place, and it helped to inspire the rise of states that largely shaped the modern history of our planet. Today, after a century of conflict, Marx’s analysis still offers valuable tools that help us analyze the modern world. Marx's belief that he had arrived at a scientific way of describing the present and predicting the future may not be shared by many of his modern interpreters. But his ability to connect things together in new ways is not in doubt – and nor is the influence of the new hypotheses that he generated as a result of so much careful analysis.

Marx, Capital, and the Madness of Economic Reason

Marx, Capital, and the Madness of Economic Reason
Author: David Harvey
Publisher: Oxford University Press
Total Pages: 253
Release: 2017-10-05
Genre: Social Science
ISBN: 0190691506

Karl Marx's Capital is one of the most important texts written in the modern era. Since 1867, when the first of its three volumes was published, it has had a profound effect on politics and economics in theory and practice throughout the world. But Marx wrote in the context of capitalism in the second half of the nineteenth century, and his assumptions and analysis need to be updated in order to address to the technological, economic, and industrial change that has followed Capital's initial publication. In Marx, Capital, and the Madness of Economic Reason, David Harvey not only provides a concise distillation of his famous course on Capital, but also makes the text relevant to the twenty-first century's continuing processes of globalization. This book serves as an accessible window into Harvey's unique approach to Marxism and takes readers on a riveting roller coaster ride through recent global history. It demonstrates how and why Capital remains a living, breathing document with an outsized influence on contemporary social thought.