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.

The New Value Controversy and the Foundations of Economics

The New Value Controversy and the Foundations of Economics
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.

Keynes and Marx

Keynes and Marx
Author: Bill Dunn
Publisher: Manchester University Press
Total Pages: 435
Release: 2021-07-06
Genre: Political Science
ISBN: 1526154919

Keynes was an elitist and pro-capitalist economist, whom the left should embrace with caution. But his analysis provides a concreteness missing from Marx and engages with critical issues of the modern world that Marx could not have foreseen. This book argues that a critical Marxist engagement can simultaneously increase the power of Keynes’s insight and enrich Marxism. To understand Keynes, whose work is liberally invoked but seldom read, Dunn explores him in the context of the extraordinary times in which he lived, his philosophy, and his politics. By offering a detailed overview of Keynes’s critique of mainstream economics and General Theory, Dunn argues that Keynes provides an enduringly valuable critique of orthodoxy. The book develops a Marxist appropriation of Keynes’s insights, arguing that a Marxist analysis of unemployment, capital and the role of the state can be enriched through such a critical engagement. The point is to change the world, not just to understand it. Thus the book considers the prospects of returning to Keynes, critically reviewing the practices that have come to be known as ‘Keynesianism’ and the limits of the theoretical traditions that have made claim to his legacy.

The Foundations of Non-Equilibrium Economics

The Foundations of Non-Equilibrium Economics
Author: Sebastian Berger
Publisher: Routledge
Total Pages: 214
Release: 2009-09-10
Genre: Business & Economics
ISBN: 1135256438

This thought-provoking volume seeks to answer some of the ultimate economic questions in terms of a theory that emerged with Adam Smith and is now come to full fruition; the principle of circular and cumulative causation (CCC) This full-fledged theoretical framework explains the whole interplay of technology, firms, resources, culture, institutions and economic policy to understand the basic drives behind modern day economic dynamics.

The Value of Marx

The Value of Marx
Author: Alfredo Saad Filho
Publisher: Routledge
Total Pages: 190
Release: 2001-11-29
Genre: Business & Economics
ISBN: 1134566972

This book constitutes an overview of recent developments in political economy in general, and Marxist value theory in particular. The implications of value theory for bank credit, inflation and deflation are fully explored.

Henryk Grossman Works, Volume 1

Henryk Grossman Works, Volume 1
Author: Henryk Grossman
Publisher: BRILL
Total Pages: 706
Release: 2018-11-26
Genre: Political Science
ISBN: 9004384758

This collection includes texts by Henryk Grossman that are primarily concerned with economic theory: monographs, articles, essays, letters and manuscript material. Many have never been published in English before, some in any language. The first in four volumes of Grossman’s works, it provides the basis for a deeper understanding of Grossman’s contributions to Marxist economic theory and critique of bourgeois economics. Rick Kuhn’s introduction explains the contexts in which the texts were written and establishes their contemporary relevance.

Value and Crisis: Essays on Labour, Money and Contemporary Capitalism

Value and Crisis: Essays on Labour, Money and Contemporary Capitalism
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.

The Falling Rate of Profit and the Great Recession of 2007-2009

The Falling Rate of Profit and the Great Recession of 2007-2009
Author: Peter H. Jones
Publisher: BRILL
Total Pages: 272
Release: 2021-04-06
Genre: Political Science
ISBN: 9004398325

In The Falling Rate of Profit and the Great Recession of 2007-2009, Peter H. Jones develops a new non-equilibrium interpretation of the labour theory of value Karl Marx builds in Capital. Applying this to US national accounting data, Jones shows that when measured correctly the profit rate falls in the lead up to the Great Recession, and for the main reason Marx identifies: the rising organic composition of capital. Jones also details a new theory of finance, which shows how cycles in the profit rate relate to stock market booms and slumps, and movements in the interest rate. He discusses the implications of the analysis and Marx and Engels’ work generally for a democratic socialist strategy.