Marx Versus Markets

Marx Versus Markets
Author: Stanley Williams Moore
Publisher: Penn State Press
Total Pages: 126
Release: 1993
Genre: Business & Economics
ISBN: 9780271008653

The challenge to Marxian theory presented by the current collapse of communist economies centers on the role of markets. Marx versus Markets points out that Marx defines communist economies--even in their lower stage of development--as classless economies without markets. It then examines his claims that classless economies with markets are in some sense inferior to communist economies. Two conclusions emerge from Stanley Moore's analysis. First, Marx's major arguments for abolishing commodity exchange rely on moral and philosophical premises, derived from Feuerbach in the earlier writings and from Hegel in the later. Second, Marx's ideal of communist economy in incompatible with his materialistic approach to history. Marx's attack on markets flunked the test of theory one hundred years before it flunked the test of practice.

Against the Market

Against the Market
Author: David McNally
Publisher: Verso
Total Pages: 276
Release: 1993-12-17
Genre: Business & Economics
ISBN: 9780860916062

In this innovative book, David McNally develops a powerful critique of market socialism, by tracing it back to its roots in early political economy. He ranges from Adam Smith’s attempt to reconcile moral philosophy with market economics to Malthus’s reformulation of Smith’s political economy which made it possible to justify poverty as a moral necessity. Smith’s economic theory was also the source of an attempt to construct a critique of capitalism derived from his conception of free and equal exchange governed by natural price. This Smithian forerunner of today’s market socialism sought to reform the market without abolishing the social relations on which it was based. McNally explores this tradition sympathetically, but exposes its fatal flaws. The book concludes with an incisive consideration of efforts by writers such as Alec Nove to construct a “feasible” model of market socialism. McNally shows these efforts are still plagued by the failure of early Smithian socialism to come to grips with the social foundations of the market, the commodification of labor-power which is the key to market regulation of the economy. The results, he argues, are neither socialist nor workable.

Economics as Worldly Philosophy

Economics as Worldly Philosophy
Author: R. Blackwell
Publisher: Springer
Total Pages: 403
Release: 2016-07-27
Genre: Business & Economics
ISBN: 134922572X

These essays written by students of Robert Heilbroner, develop central themes in his work - the importance of historical perspective in economics, the connection with the great questions of philosophy, and the immediacy of politics. They begin by criticizing the rational maximizing foundations of conventional theory, finding no place there for history. The essays first explore methodology, then technology in relation to history, the politics inherent in economics, and finally, turn to the great Classics, interpreted in relation to modern questions.

A People's Guide to Capitalism

A People's Guide to Capitalism
Author: Hadas Thier
Publisher: Haymarket Books
Total Pages: 289
Release: 2018-06-02
Genre: Business & Economics
ISBN: 1642592188

A lively, accessible, and timely guide to Marxist economics for those who want to understand and dismantle the world of the 1%. Economists regularly promote Capitalism as the greatest system ever to grace the planet. With the same breath, they implore us to leave the job of understanding the magical powers of the market to the “experts.” Despite the efforts of these mainstream commentators to convince us otherwise, many of us have begun to question why this system has produced such vast inequality and wanton disregard for its own environmental destruction. This book offers answers to exactly these questions on their own terms: in the form of a radical economic theory. “Thier’s urgently needed book strips away jargon to make Marx’s essential work accessible to today’s diverse mass movements.” —Sarah Leonard, contributing editor to The Nation “A great book for proletarian chain-breaking.” —Rob Larson, author of Bit Tyrants: The Political Economy of Silicon Valley “Thier unpacks the mystery of capitalist inequality with lucid and accessible prose . . . . We will need books like A People’s Guide to help us make sense of the root causes of the financial crises that shape so many of our struggles today.” —Keeanga-Yamahtta Taylor, author of Race for Profit: How Banks and the Real Estate Industry Undermined Black Homeownership “Ranging from exploitation at work to the operations of modern finance, this book takes the reader through a fine-tuned introduction to Marx’s analysis of the modern economy . . . . Thier combines theoretical explanation with contemporary examples to illuminate the inner workings of capitalism . . . . Reminds us of the urgent need for alternatives to a crisis-ridden system.” —David McNally, author of Blood and Money

Monsters of the Market

Monsters of the Market
Author: David McNally
Publisher: BRILL
Total Pages: 309
Release: 2011-07-12
Genre: Political Science
ISBN: 9004201572

"Monsters of the Market" investigates modern capitalism through the prism of the body panics it arouses. Examining "Frankenstein," Marx s "Capital" and zombie fables from sub-Saharan Africa, it offers a novel account of the cultural and corporeal economy of global capitalism.

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: 2018
Genre: Business & Economics
ISBN: 0190691484

Prologue -- The visualisation of capital as value in motion -- Capital, the book -- Money as the representation of value -- Anti-value: the theory of devaluation -- Prices without values -- The question of technology -- The space and time of value -- The production of value regimes -- The madness of economic reason -- Coda

Marx and Non-equilibrium Economics

Marx and Non-equilibrium Economics
Author: Alan Freeman
Publisher: Edward Elgar Publishing
Total Pages: 344
Release: 1996
Genre: Business & Economics
ISBN:

A equilibrium-free political economy based on the labour theory of value is developed in this volume which brings together authors who have worked in this framework for the last ten years.

Money and Totality

Money and Totality
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.

Karl Marx

Karl Marx
Author: Allan Megill
Publisher: Rowman & Littlefield
Total Pages: 404
Release: 2002
Genre: History
ISBN: 9780742511668

Why did Karl Marx want to exclude politics and the market from his vision of a future socialism? In Karl Marx: The Burden of Reason, Allan Megill begins with this question. Megill's examination of Marx's formative writings casts new light on Marx's relation to philosophy and reveals a hitherto largely unknown 'rationalist' Marx. In demonstrating how Marx's rationalism permeated his attempts to understand politics, economics, and history generally, Megill forces the reader to rethink Marx's entire intellectual project. While Megill writes as an intellectual historian and historian of philosophy, his highly original redescription of the Marxian enterprise has important implications for how we think about the usability of Marx's work today. Karl Marx: The Burden of Reason will be of interest to those who wish to reflect on the fate of Marxism during the era of Soviet Communism. It will also be of interest to those who wish to discern what is living and what is dead, what is adequate and what requires replacement or supplementation, in the work of a figure who, in spite of everything, remains one of the greatest philosophers and social scientists of the modern world.

Marx and Nature

Marx and Nature
Author: P. Burkett
Publisher: Springer
Total Pages: 310
Release: 1999-02-14
Genre: Political Science
ISBN: 0312299656

With Marx and Nature , Paul Burkett reconstructs Marx's approach to nature, society, and environmental crisis. While recognizing that production is structured by historically developed relations among producers, Marx also insists that production as a social and material process is shaped and constrained by natural conditions, including the natural condition of human bodily existence. Marx's value analysis places him squarely in the camp of the growing number of ecological theorists questioning the ability of monetary and market-based calculations to adequately represent the natural conditions of human production and development.