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.

The Value Controversy

The Value Controversy
Author: Ian Steedman
Publisher: Verso
Total Pages: 312
Release: 1981
Genre: Business & Economics
ISBN:

One of the fruits of the revival of socialist economic theory over the past decade has been a wide-ranging debate about the validity of Marx’s labour theory of value. At the heart of the discussion stands the theoretical work of Piero Sraffa and the conclusions drawn from it by such economists as Ian Steedman. Initially confined to a relatively narrow circle of specialists, the controversy about value theory has since spread to wider circles of the left. But although general awareness that the stakes of the dispute are of concern to all socialists is now extensive, understanding of the issues involved has remained more restricted than need be. This volume presents, for the first time, a comprehensive yet accessible overview of the discussion. The essays discuss not only the value debate itself, but also its relevance to such issues as capitalist crisis, the theory of exploitation, and historical materialism. Comprehensible to the non-specialist, but without sacrificing rigour or oversimplifying the issues, the articles assembled here offer a definitive summary of the current state of one of the crucial aspects of Marxist thought.

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.

Karl Polanyi

Karl Polanyi
Author: Gareth Dale
Publisher: Polity
Total Pages: 320
Release: 2010-06-21
Genre: Business & Economics
ISBN: 0745640710

Karl Polanyi’s The Great Transformation is generally acclaimed as being among the most influential works of economic history in the twentieth century, and remains as vital in the current historical conjuncture as it was in his own. In its critique of nineteenth-century ‘market fundamentalism’ it reads as a warning to our own neoliberal age, and is widely touted as a prophetic guidebook for those who aspire to understand the causes and dynamics of global economic turbulence at the end of the 2000s. Karl Polanyi: The Limits of the Market is the first comprehensive introduction to Polanyi’s ideas and legacy. It assesses not only the texts for which he is famous – prepared during his spells in American academia – but also his journalistic articles written in his first exile in Vienna, and lectures and pamphlets from his second exile, in Britain. It provides a detailed critical analysis of The Great Transformation, but also surveys Polanyi’s seminal writings in economic anthropology, the economic history of ancient and archaic societies, and political and economic theory. Its primary source base includes interviews with Polanyi’s daughter, Kari Polanyi-Levitt, as well as the entire compass of his own published and unpublished writings in English and German. This engaging and accessible introduction to Polanyi’s thinking will appeal to students and scholars across the social sciences, providing a refreshing perspective on the roots of our current economic crisis.

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.

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 New Economics

The New Economics
Author: Steve Keen
Publisher: John Wiley & Sons
Total Pages: 141
Release: 2021-11-11
Genre: Political Science
ISBN: 1509545301

In 1517, Martin Luther nailed his 95 theses to the wall of Wittenberg church. He argued that the Church’s internally consistent but absurd doctrines had pickled into a dogmatic structure of untruth. It was time for a Reformation. Half a millennium later, Steve Keen argues that economics needs its own Reformation. In Debunking Economics, he eviscerated an intellectual church – neoclassical economics – that systematically ignores its own empirical untruths and logical fallacies, and yet is still mysteriously worshipped by its scholarly high priests. In this book, he presents his Reformation: a New Economics, which tackles serious issues that today's economic priesthood ignores, such as money, energy and ecological sustainability. It gives us hope that we can save our economies from collapse and the planet from ecological catastrophe. Performing this task with his usual panache and wit, Steve Keen’s new book is unmissable to anyone who has noticed that the economics Emperor is naked and would like him to put on some clothes.

Reclaiming Marx's Capital

Reclaiming Marx's Capital
Author: Andrew Kliman
Publisher: Lexington Books
Total Pages: 264
Release: 2007
Genre: Political Science
ISBN: 9780739118528

Attempts to reclaim Marx's Capital from the myth of inconsistency. This book is intended for non-specialist readers, and shows that the inconsistencies are actually caused by misinterpretation; the temporal single-system interpretation eliminates all of the alleged inconsistencies.

Analytical Foundations of Marxian Economic Theory

Analytical Foundations of Marxian Economic Theory
Author: John E. Roemer
Publisher: Cambridge University Press
Total Pages: 234
Release: 1981
Genre: Business & Economics
ISBN: 9780521347754

This book gives a rigorous view of classical Marxian economic theory by presenting specific analytic models.